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LLC

Direct AnswerLimited Liability Company — a US business structure commonly used to hold US investment properties. Important caveat for Canadian residents: the CRA generally treats a US LLC as a corporation for Cana

Limited Liability Company — a US business structure commonly used to hold US investment properties. Important caveat for Canadian residents: the CRA generally treats a US LLC as a corporation for Canadian tax purposes, which can create mismatched treatment with the IRS and double taxation; many cross-border advisors recommend a US LP (with an LLC as general partner) or direct ownership instead. Entity choice is a legal and tax decision — consult a cross-border attorney and a CPA experienced in Canada–US tax before forming one.

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