I take your point, really, and I understand there's more friction. But do the people who authorize the checks also do the beancounting personally?

Accounting and legal stuff is going to be farmed out to licensed professionals regardless of where the company is. And you can't tell me there's a shortage of US + Canada tax or legal specialists.

> do the people who authorize the checks also do the beancounting personally?

There are a lot of small-shop and even one-man private investors. Increasingly as wealth accumulates and AI automates.

> you can't tell me there's a shortage of US + Canada tax or legal specialists

They're usually a different partner at a big, expensive firm. Or, if you use a small firm, it means establishing a brand new engagement.

I make personal investments. That would be a dealbreaker for me. If I really liked the company I might try to talk a cross-border friend into running a fund that makes the investment so I don't have to deal with the B.S.