Canadian looking to invest in the US Market

[Jared Comeau]

Hey all!  Long time lurker, first time poster!

So my group and I are looking to break into the US Market from up here in the Great White North.

I have a few questions I hope ya'll may be able to help us with!

1. Before we purchase our first deal, is it imperative to have an LLP/LLC set up first?

2. What is the better option, LLC or LLP?

3. We shouldn’t need a C-Corp yet should we?

4. Is an ITIN needed before a purchase? Is it set up during the LLC or LLP set up?

5. Loans. Should I use Hard money Loans?

My main concern moving into the US Market is making sure our bases are covered legally.

Anything anyone would like to add aside from my questions would be fantastic.

Thanks all!

[Adeel Baig]

Hi fellow Canadian,

i was in contact with a CPA firm in the US and had similar questions. So what they told me is the ITIN is required before purchasing as it assigns you a US tax id number. There are agents in Canada that can help you set this up locally. Probably can find an office near you. If you are in Toronto I can send you one of their info.

the choice of purchasing on your personal name vs an LLC is how much personal exposure you are willing to provide. The LLC is comparatively costly but protects you and your assets.

the cpa firm I spoke to were very helpful and gave me all this info plus a sample structure without even charging me anytime. They even have legal advisors on their team so you and your company are properly protected. If you want i can provide you with a contact name and email so you can get more detailed answers, let me know.