American bank accounts are the only way to get USD out of a PayPal account; PayPal will refuse to send anything but CAD to a Canadian bank account, regardless of what currency the account holds.
Since my organization mainly operates with USD, and many of its paying users really like PayPal, a US bank account was a necessity.
As for gotchas... be aware that directors cannot hire-and-fire each other unless they also happen to be the corporation's voting members or hold its voting shares. This might be weird to wrap your mind around if you've only been a sole proprietor before, and is why I advise consulting with a lawyer if you plan to split up control.
Since my organization mainly operates with USD, and many of its paying users really like PayPal, a US bank account was a necessity.
As for gotchas... be aware that directors cannot hire-and-fire each other unless they also happen to be the corporation's voting members or hold its voting shares. This might be weird to wrap your mind around if you've only been a sole proprietor before, and is why I advise consulting with a lawyer if you plan to split up control.