[This story](http://www.espressocapital.com/2014/09/26/sred-audit-nightmare-true-story/) prompts my question. I know the companies involved - all pros, no cheap corner-cutting - so it's a bit concerning.<p>I'd love to hear some stories on what has/hasn't worked for Canadian startups that ended up with US-incorporations as well. CCPC can be a really valuable thing to hold onto, but if the risks are too high, better to know now than later.<p>This an issue for us in a 3-6 month window. Right now our thoughts are to keep the US and Canadian sides separate - no corporate cross-ownership - and have dollars move back and forth with a licensing agreement (ie, Canadian corp develops, benefits from SR&ED and IRAP, then licenses the software (usage and IP rights) to the US corp).<p>Anybody?