How Canadians and other foreign person can form a US startup or Delaware C-Corp
Forming a US startup as a Canadian or non-US Person We work with a number of Canadian clients who want to form a US entity for their startup. US VC and Angel investors favor investing in Delaware corporations when they invest in US startups, and it is no different with Canadian startups. Can a Canadian...
How to choose the right business structure for your startup or business?
Starting a business in Washington State The right structure for your business depends on a number of factors that you may need to discuss with your attorney and tax advisor. Below, we’ve provided information on the four main ways to operate a business: Sole Proprietorship, Partnership, Limited Liability (LLC), and Corporation (Corp). As a rule...
Does Washington’s law against non-compete agreements apply to stockholders?
Non-compete agreements between employers and employees are prohibited in Washington except under certain earning thresholds. These thresholds are established in RCW 49.62.020 (for employees) and RCW 49.62.030 (for independent contractors). Employees – must earn more than $100,000 Contractors – must earn more than $250,000 However, unlike in other jurisdictions that have prohibited non-compete agreements more...
What is an S-corporation and how does it help reduce tax liability?
This article explains how “S-corp” tax status could reduce tax liability for self-employed consultants, professionals, and other freelancers. What is an S-Corp? How is it related to LLCs and Corporations? Limited Liability Companies (LLCs) and Corporations (C-Corps) are types of business entities that are formed at the state level. The terms “S-corporation” and “S-corp” are...
Can my business partner force me to sell or push me out of the company?
Can my business partner force me to sell or push me out of the company? When partners start a business, many fail to consider what will happen if there is some sort of fracture in the relationship. We’ve seen many clients ask what they can do – or what might happen to them – when...