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by ShivTheShiv 1063 days ago
Get some tax advice!!! If you own more than 10% of a foreign company your US taxes become very, very complicated. I relinquished my green card after my first tax filing. If you want to be in the US, found your company in the US.
2 comments

Good advice. Always get tax and corporate advice. There's no legal issue with going from a TN to a green card but because of the current green card backlogs - because the green card process takes so long - you could be in the difficult position of needing to renew your TN or travel internationally during the process and you wouldn't be able to. So an intervening H-1B is helpful, just not required.
I'm confused. I thought on a TN or H1B I'm not even allowed to start a company in the US.
Your option A involved incorporating a Canadian company and moving to the US. My comment was on your option A. It is extremely painful to own a Canadian company and have USA tax filing obligations. If you absolutely must do this, make sure your company’s fiscal year falls on the calendar year boundary. I found the reporting onerous and chose to stay in Canada.
Oh yeah, for option A I meant to just stay in Canada until my company hopefully gets profitable and then "transfer" it to the US and move to the US if somehow I can self-sponsor/sponsor through company.