Contact UsThinking of setting up a US LLP which would house a game developed to earn royalties from Steam. No profits early on. 1 Cdn partner and 1 US partner. Alternative is to have a flow-through for myself in US and have Cdn partner provide zero cost contracting services, to be paid once game is developed.
What are tax consequences of setting up US flow-through, paying tax myself on all profits, and expensing contracting costs when money becomes available to pay a contractor for work they have done an billed to be paid when funds available?
