Combination of New York State (USA) and Ontario (CAN) jurisdictions here.
If a New Yorker/American wishes to take partial ownership (equity) in an Ontario-based corporation, are there any special legal considerations to take?
- Is it even possible for an American to do this? Or would he/she need Canadian/dual citizenship to own part of a Canadian-based corporation?
- Besides normal filing procedures, are there any additional forms/filings/steps an American must do (with either government) to become owner of a Canadian-based corporation?