ilyabez

We're a bootstrapped Delaware C-Corp. In 2024, we made less than $1k in revenue and didn't pay ourselves or contractors. Our only expenses are infrastructure, tools and... the biggest expense was the tax prep costs for 2023 with a CPA.

We'd love to file taxes ourselves this year. I see that we can file Form 1120 for a C-Corp with TurboTax Business Desktop software but it's only available for Windows.

The problem is that we don't have Windows laptops in our company or even family. I'd like to know if it'll work using Parallels before I buy TurboTax ($190) and Parallels (~$90).

Has anyone tried using TurboTax Business Desktop for DIY C-Corp taxes on a Mac with a Windows emulator?

Thank you!

Hi all,

We're two founders (based in US and Canada) and have decided to incorporate as a Delaware C-Corp.

We're trying to figure out the ownership structure since my co-founder is in Canada. We want to make it US investor-friendly, minimize taxes and legal/compliance/reporting burden.

There are two options as far as we can tell: 1) Canadian co-founder owns his shares as an individual 2) Canadian co-founder owns his shares through a Canadian holding corp

A Canadian attorney proposed to use a Canadian holding corp to minimize taxes but we're starting to run into issues like can we apply a vesting schedule to shares owned by a foreign legal entity, what if the Canadian corp ownership changes (will investors even want to invest in a company with such structure?), etc.

Anyone has any recommendations or can share experience for forming a C-Corp where one of the co-founders is in Canada?