Hello, 

# Background: 

I was living in NYC for the last 6 years and recently moved back. Last year (5-29-2020), I  formed an LLC and opened a business bank account in NYC to be able to collect payments for a software as a service company that I had formed (https://kinopio.club). It's currently very small amounts, ~100-200$/month. Because I didn't understand tax implications related to payroll I never took any money out of the account, only using it to pay for my direct business costs (server fees, etc.). 

# Current Issue: 

For immigration/visa reasons I'm investigating winding down my American llc/banking and replacing it with a new Canadian llc/bank account. But I'm unclear about the tax implications and what that process involves. Would you be able to help me with this?

Would love to hear from you, email (hi@pirijan.com) is the best way to get in contact,

Thanks!

– Pirijan