Watch This Before Getting an LLC in Canada. Jake Claver, recorded July 2026.
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What this recording covers
Claver answers an inquiry regarding whether an individual residing in Canada should establish a United States limited liability company. He advises against forming a United States limited liability company while maintaining Canadian residency, unless the individual actively intends to relocate south of the border. Claver explains the underlying legal and fiscal conflict: Canadian tax authorities do not recognize United States limited liability companies as pass-through entities. Consequently, a Canadian resident operating through a United States entity faces potential double taxation, incurring domestic corporate obligations in the United States alongside personal tax liabilities under Canada residency-based tax system. For Canadian residents planning to remain in their home country, Claver recommends engaging specialized cross-border legal and tax professionals to construct entity structures strictly aligned with Canadian tax statutes rather than using standard United States corporate formations.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.