USA LLC VS CANADA LP

[twozniak]

What is better solution?

Any idea?

 

[GaryNJones]

Well, it depends.
First of all what kind of business.
Secondly turnover ,then business partners.

 

[Zik]

What about a US LLC and payoneer bank accout with Estonian PayPal Business account operated from Africa

 

[JohnLocke]

Yeah the question is to broad to be answered by anyone, please elaborate and provide more information or I will have to remove the thread.

 

[twozniak]

Solution for Software Developer with clients in Europe , Asia and maybe US.

Turnover around 500 K $ per year.

Any answers?

 

[Artemis Eleutheria]

It depends on the specifics of your situation. Both are transparent entities.

However:

1. US LLCs are required to file with the taxman, while Ontario LP seemingly not
2. The US filing requirements have been set up with the explicit intention of information sharing with other countries ... though apparently not being done ... yet.
3. US LLC might be able to open bank accounts in the US, while the Ontario LP is unlikely to achieve same in Canada.
4. Canada LP lower profile than your standard Delaware LLC

 

[Artemis Eleutheria]

https://www.canada.ca/en/revenue-ag...ts-notices/certif-not-issued-transparent.html