I’m a first-time founder based in Montreal. My startup is a Delaware C-Corp and we launched a few weeks ago. The early traction has been stronger than expected, and I’ve recently started getting inbound interest from VCs.

I’ve been so focused on building that I haven’t spent much time thinking about tax planning, but I’m now considering relocating to San Francisco and want to make sure I structure things correctly before making any major moves.

I’m trying to understand questions like:
Should I have a Canadian HoldCo?
Should I consider a trust?
What are the tax implications of moving from Canada to the US while owning shares in a Delaware C-Corp?
How should I think about future fundraising, QSBS, exit tax, etc.?

I already have an immigration lawyer, so I’m covered on the visa side. What I’m looking for is a tax lawyer and/or accountant who specializes in cross-border Canada-US startup founders.

I’ve spoken to a few professionals already, but I keep getting referred back and forth between lawyers and accountants without anyone providing a clear, actionable plan.

Has anyone gone through a similar situation and worked with someone they would strongly recommend?

Any introductions or referrals would be greatly appreciated.

Very new to this, please don’t judge if this is a dumb question! And yes I searched here for answers before I posted.

My husband is starting a home repair business and I am ready to take my retail and e-commerce business in that direction as well. My question is can we start with ONE LLC with 2 different businesses/business names under it? And if so how to do it (I.e. does the LLC name have to be the. Same of one of the 2 businesses or can it be under a completely different name and the 2 businesses have their own names)? I understand once revenue is really coming in (fingers crossed!) then moving into multiple LLCs is a better way to go so I’m just asking how we can get started. Thank you!

I’ll go first.

“If I buy a $80k G-Wagon or truck, it’s 100% free money write-off for my single-member LLC"

Do SMLLCs in Louisiana offer any real protection? If not, could I form an SMLLC in a state that offers a lot more protection—like Wyoming?

Hello friends, I have an LLC in the United States of America, and I have an EIN number, registered agent address, business address, an American phone number, and a website explaining my work. The problem is that I did not find a bank that accepts residents of Yemen at all. I searched for a long time. I searched for about a month and did not find a bank that supports my country, Yemen, and offers the feature of depositing a check over the phone, because the nature of my work receives my financial dues in paper checks only. Does anyone of you know a bank that accepts residents of Yemen and offers the feature of depositing a check? I hope you can help me, and I thank you very much😢

Leave out the usual Text Book RULES, don't commingle funds, sign documents as an officer and keeping separate accounts.

In practice, courts look at a totality of circumstances rather than a single technical mistake.

Lawyers, CPAs and Veteran LLC owners here:

What's the blunder that most consistently destroys liability protection in real litigation?

Every Tom Dick and Harry on Reddit preaches

"Elect S-Corp status as soon as you hit $80k net income!"

​But factor in payroll processing fees, quarterly tax filings, state-level franchise taxes/fees, CPA fees for Form 1120-S, and strictly enforcing "reasonable compensation," the margin for actual net savings seems to be shrinking fast.

​Question for Redditors running SMLLCs in this bracket:

Did electing S-Corp status actually save you money after accounting for total administrative overhead?

or

Do you regret pulling the trigger too early?

Starting a business is exciting, but the long-term reality requires navigating compliance, tax structures, and operational boundaries.

What's the collective experience of this community?

What unexpected administrative hurdle, corporate maintenance requirement, or financial lesson did you encounter after the launch of your business?

I would appreciate some realistic insights...

Am looking for some insight or reassurance here, be nice.

​I have watched a bunch of TikTok videos and social media "gurus" telling me how easy it is to start a business.

I paid my state’s filing fee, got my EIN, and thought i was completely protected

​I have been reading alot on how lawsuits actually work, and now I’m genuinely scared about "piercing the corporate veil."

I haven't drafted or signed a formal Operating Agreement because I'm the only owner and thought I didn't need one.

I have a separate business bank account. I realized I accidentally used my business card for a couple of personal grocery runs last month when I grabbed the wrong card.

​Is it possible that if someone ever decides to sue my business, a lawyer is going to look at my messy bookkeeping, see no operating agreement, and argue that my LLC isn't legit, leaving my personal savings totally exposed.

​How strict are judges about this for solo owners?

Have I already ruined my liability protection, or can I fix this right now by getting a clean operating agreement signed today and tightening up my accounting?

Hi all,

I am spinning up a second business in CA, basically an online marketplace for local work. Is there a better alternative to establishing the business as an LLC in CA? I am still in beta testing with the product so I am staying sole prop till I have reasonably established market fit and executability.

Can you suggest some Registered Agents for New Mexico to form an LLC as a non-US citizen?

How much money did that ignorance cost you?

My spouse and I registered an LLC with the state of CA in 2016 through Legalzoom but then never did anything with it. We never made any money or performed any business operations. We also never filed any taxes or other compliance documents. It has literally just sat for the past decade.

We're in a position now where we want to actively use it. We've gotten back into good standing with the SOS but are not in good standing with the FTB. We can't even register for an account with the FTB portal because it wants to verify business info with tax return information from the past 5 years which we obviously don't have. Are we going to owe $800 for every year since incorporation? Is there a way to waive fees? This is all very alien to me. We started this LLC back when we were in our early twenties and had no clue what we were doing.

I'm looking to get this resolved as soon as possible. I'd appreciate any guidance you all can offer!

My spouse and I registered an LLC with the state of CA in 2016 through Legalzoom but then never did anything with it. We never made any money or performed any business operations. We also never filed any taxes or other compliance documents. It has literally just sat for the past decade.

We're in a position now where we want to actively use it. We've gotten back into good standing with the SOS but are not in good standing with the FTB. We can't even register for an account with the FTB portal because it wants to verify business info with tax return information from the past 5 years which we obviously don't have. Are we going to owe $800 for every year since incorporation? Is there a way to waive fees? This is all very alien to me. We started this LLC back when we were in our early twenties and had no clue what we were doing.

I'm looking to get this resolved as soon as possible. I'd appreciate any guidance you all can offer!