top | item 7077001

(no title)

jeffblake | 12 years ago

Thank you for your tips. Can I retroactively subcontract (the books) canadian --> US? That makes a lot of sense, otherwise I think I'm facing a double taxation problem.

discuss

order

redtexture|12 years ago

A question to get an answer to from your new professional advisor, is, can you reasonably and legitimately treat those payments as personal loans or advances (if paid to you and not paid to third parties), pay these loans back at this point to the Canadian entity, and belatedly contract between Canadian/US entities for services rendered.

You're a couple of years late on getting good advice on business entity structures and relationships...since you've been operating for a while now.