U.S. Citizen Starting a Business in Canada
I've been working on a startup for the last several months. A bakery to be specific. I have been opening up to the idea again of looking into Canada for living, but I am not very knowledgeable on what's required for someone from the U.S. to open up a business in Canada or move their existing startup to Canada. I also know the business laws and regulations must be somewhat different than in California..the states overall.
Anyone have any advice, tips or suggestions in this regard?
I read somewhere that at least $500,000 is required in assets in order to start a company but if I remember correctly, the info seemed to apply to opening up a franchise in Canada. My bakeshop is definitely not a franchise and it is not well-established at this point. Again it is in startup mode.
I figure some Canadians in this forum might be well-versed in the area of business, immigration and so forth and might have some information or resources to share...or there might be U.S. citizens who've long moved to Canada and have become business owners there and might have some advice or experiences to relate.