Generally, if you want to expand your business into the USA, you will need to form a subsidiary company. A subsidiary company is a legal entity that can operate in the US market without exposing your Canadian parent company to more risk than necessary. Decide upon the legal structure of this subsidiary, learn the rules on taxation and choose a state to operate in.
Expanding into the US market can be a lengthy and complicated process for any business. If you want to operate in America, you will need to set up a subsidiary company, deciding upon the legal structure of this subsidiary. For instance, you can choose between establishing a LLC, a C corporation or a S Corporation. You will also need to:
- select a state to operate in that best suits your business needs
- obtain a Federal Tax Identification Number
You can appoint a lawyer to help you with these kinds of things. Alternatively, you could use Pinnacle Capital Partners to help expand your business into the US market without the usual cost and delay of setting up a business entity in the USA.
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