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Cost of maintaining empty shell partnership

 
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OttawaTrade

External


Since: Jan 15, 2006
Posts: 1



(Msg. 1) Posted: Sun Jan 15, 2006 11:52 pm
Post subject: Cost of maintaining empty shell partnership
Archived from groups: alt>business, others (more info?)

I need to register a business mainly to invest in overseas to gain faveable
tax rate. I don't need to file GST/PST, to employee tax etc, sales tax etc.

Anyone knows the true cost of starting and maintaining a empty shell
partnership in USA or Canada? I can choose which ever is cheaper.

Here is the research I did. please correct me, if I am wrong

in USA:
EIN (Employer ID #) $0
Partnership Name Registration, or Doing Business As: $25-$100 one time fee
Buinsess Checking: very low, or free
Buinsess Credit: very easy as long as partners have good credit history.
This one is confirmed.


in Canada:
BN (Business #) $60 per year
Partnership Name Registration, or Doing Business As: $60 per year
Buinsess Checking: Very high
Buinsess Credit: Very difficult.


So looks like an US partnership will cost $60 one time fee and Canadian one
will cost $60 per year.

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Dan Lingman

External


Since: Jan 15, 2006
Posts: 1



(Msg. 2) Posted: Sun Jan 15, 2006 11:52 pm
Post subject: Re: Cost of maintaining empty shell partnership [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

"OttawaTrade" <speediercoREMOVE_THIS.TakeThisOut@yahoo.com> wrote in
news:1EFyf.44474$jB3.35830@fe17.lga:

> I need to register a business mainly to invest in overseas to gain
> faveable tax rate. I don't need to file GST/PST, to employee tax etc,
> sales tax etc.
>
> Anyone knows the true cost of starting and maintaining a empty shell
> partnership in USA or Canada? I can choose which ever is cheaper.
>
> Here is the research I did. please correct me, if I am wrong
>
> in USA:
> EIN (Employer ID #) $0
> Partnership Name Registration, or Doing Business As: $25-$100 one time
> fee Buinsess Checking: very low, or free
> Buinsess Credit: very easy as long as partners have good credit
> history. This one is confirmed.
>
>
> in Canada:
> BN (Business #) $60 per year
> Partnership Name Registration, or Doing Business As: $60 per year
> Buinsess Checking: Very high
> Buinsess Credit: Very difficult.
>
>
> So looks like an US partnership will cost $60 one time fee and
> Canadian one will cost $60 per year.
>
>
>

I've got a business number, and haven't had to pay any additional fees
for it after the original registration cost.

Dan.

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m.

External


Since: Jan 16, 2006
Posts: 1



(Msg. 3) Posted: Mon Jan 16, 2006 1:03 pm
Post subject: Re: Cost of maintaining empty shell partnership [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

your BIN # is $60 in Canada and it is good for 5 years.


"OttawaTrade" <speediercoREMOVE_THIS.RemoveThis@yahoo.com> wrote in message
news:1EFyf.44474$jB3.35830@fe17.lga...
>I need to register a business mainly to invest in overseas to gain faveable
> tax rate. I don't need to file GST/PST, to employee tax etc, sales tax
> etc.
>
> Anyone knows the true cost of starting and maintaining a empty shell
> partnership in USA or Canada? I can choose which ever is cheaper.
>
> Here is the research I did. please correct me, if I am wrong
>
> in USA:
> EIN (Employer ID #) $0
> Partnership Name Registration, or Doing Business As: $25-$100 one time fee
> Buinsess Checking: very low, or free
> Buinsess Credit: very easy as long as partners have good credit history.
> This one is confirmed.
>
>
> in Canada:
> BN (Business #) $60 per year
> Partnership Name Registration, or Doing Business As: $60 per year
> Buinsess Checking: Very high
> Buinsess Credit: Very difficult.
>
>
> So looks like an US partnership will cost $60 one time fee and Canadian
> one
> will cost $60 per year.
>
>
 >> Stay informed about: Cost of maintaining empty shell partnership 
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