Swiftlabel is now registered in Quebec. The most difficult part was figuring out how to sort out the relationship of the new entity with Swiftlabel LLC, the company we first registered (we did so as the LLC, which doesn’t exist in Canada, provides protection for partnerships and skirts corporate taxes so we’re not taxed both on income and dividends).
One possibility was to establish it as a subsidiary of Swiftlabel LLC. But then we’d have to incorporate the business and handle a pile of administrative work.
Instead, we registered Swiftlabel Quebec as a sole proprietorship and formed it as an independent entity whose sole purpose is to process transactions for Swiftlabel LLC for a small fee.
Doing so frees us from the red tape shackles of an inc. business, so we can concentrate on the T-shirt business, and reduces our tax burden, so maybe one day Business Partner can buy a yacht.
