Thanks for that. I've been reading through the Federal government's website lately and was wondering about any gotchas.
If you don't mind sharing, why did you need an American bank account?
If you don't mind sharing, why did you need an American bank account?
Since my organization mainly operates with USD, and many of its paying users really like PayPal, a US bank account was a necessity.
As for gotchas... be aware that directors cannot hire-and-fire each other unless they also happen to be the corporation's voting members or hold its voting shares. This might be weird to wrap your mind around if you've only been a sole proprietor before, and is why I advise consulting with a lawyer if you plan to split up control.