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Why Operate as a Business Entity
Understand the benefits of turning your solo operation into a business entity when working with global clients.
The Untold Truths about LLCs
Explore the complexities and misconceptions about LLCs, and why they may not be your best choice.
Canada: The Overlooked Alternative
Learn why Canadian Partnerships are the best alternative for digital entrepreneurs today.
Why Operate as a Business Entity
Understand the benefits of turning your solo operation into a business entity when working with global clients.
The Untold Truths about LLCs
Explore the complexities and misconceptions about LLCs, and why they may not be your best choice.
Canada: The Overlooked Alternative
Learn why Canadian Partnerships are the best alternative for digital entrepreneurs today.
Why register my business in Canada?
Canada is one of the top countries for business, thanks to its legal stability and high international reputation.
Banking
Access to Global Banking
Bank account in the US or anywhere in the world, and instant access to Stripe, Paypal, Wise and more.
Residency
No residency restrictions
Available for businesses with partners from anywhere in the world.
Simplicity
No annual filing
Forget about filing tax returns, audits, and other bureaucratic tasks. Just focus on your business.
Taxation
No corporate taxes
Partners are not subject to corporate taxes in Canada, allowing you to maximize your business profits.
Liability
Legal protection
Partners are protected by Canadian law, ensuring that their personal assets are safe from business liabilities.
Privacy
Complete privacy and control
Setup to protect the privacy of your personal and financial information.
Compliance
Relaxed bookkeeping
Maintain basic records without complex regulatory demands or risk of penalties for late filing.
Reputation
Global business credibility
Canada consistently ranks high in business-friendly metrics, including ease of doing business and transparency.
Simplicity
Easy management
Ideal for location-independent businesses, with minimal bureaucratic oversight, allowing you to focus on growing your business.
FAQs
Frequently Asked Questions
Can I register a Canadian partnership from any country?
Yes, entrepreneurs worldwide can register a Canadian partnership. There are no residency requirements for partners, making it accessible to international business owners.
Do I need to file annual tax returns?
No, Canadian partnerships do not require annual tax filings. The tax obligations are passed through to individual partners who report their share of income in their home countries.
How long does it take to register a partnership?
Registering your partnership in Canada typically takes 2-3 business days once all required documents are submitted. Our processes ensure your company formation is quick and smooth.
Is a bank account included?
Yes, we assist you with opening a business bank account in the US with our partner bank. You can also easily open an account with Wise and start receiving payments right away.
What payment processors can I use?
Canadian partnerships can easily integrate with major payment processors including Stripe and PayPal.
What documents do I need to register?
You'll need to provide proof of identity (passport), proof of address, and basic business information. We handle all the paperwork and make the process seamless.
What is the cost of registering a Canadian partnership?
For details about our pricing, please visit our pricing page.
What is the minimum capital required?
There is no minimum capital requirement for a Canadian partnership.
What is the minimum number of partners required?
A Canadian partnership can have a minimum of 2 partners. We can help you set up your partnership with as many partners as you need.
Do I need to do bookkeeping?
No, you don't need to do bookkeeping, although it is recommended to keep track of your business transactions for your own records.
Do I need to hire an accountant to keep my Canadian partnership compliant?
No, you don't need an accountant to keep your Canadian partnership compliant. We handle all the necessary filings and compliance tasks for you for an annual fee.
What is the difference between a Canadian partnership and an LLC?
A Canadian Limited Liability Partnerships is the Canada equivalent for the LLC in the US, but with many advantages in requiremeents and tax implications. For a deep analysis, download our free guide.
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