Canadian Startup and Video Game Law Blog
Startup and video game law, from a Canadian and U.S. perspective
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You Don’t Need a US Company to Raise from the US
We’ve attended a number of presentations lately where Canadian founders are told that they MUST be a US company to raise money from US investors. This advice is patently false; Canadian startups raise from US investors all the time and investors generally don’t care that a prospective portfolio company is Canadian. 1. Where does this...
Raising Capital from U.S. Investors
Many Canadian companies raise funds in cross-border financings, with most rounds including at least 1 U.S. resident investor (if not a U.S. lead investor). If your Canadian startup is raising funds from U.S. investors, you will need to keep the following in mind: 1. Value Your Startup in USD All Canadian startups should value themselves...
Moving to Canada
As a cross-border law firm, we focus on establishing Canadian companies for US (and other foreign) companies; often these cross-border structures are driven by remote teams and/or a desire to utilize certain Canadian tax credits. Our aim with this post is to detail the most common cross-border structure we create for our US clients (especially...
How to Apply for an EIN as a Canadian or Foreign Company
An EIN is a unique nine-digit number assigned to your company by the IRS and used for bank account opening, tax filing, hiring and reporting purposes. There are four main methods to obtain an EIN, each one posing its own complications for Canadian and foreign companies. 1. Online The easiest approach, online, is unfortunately not...