Corp requires member/shareholder to be US citizen? - Posted by BoY

Posted by JHyre in Ohio on March 02, 2002 at 06:10:21:

You can be an S-corp shareholder if you are a “permanent resident” for tax purposes…a green card or residing in the US 183+ days per year will suffice, among other options. If you become a non-resident (i.e.- move away from the US for a certain period of time), the corporation will be treated as a C-corporation.

John Hyre

Corp requires member/shareholder to be US citizen? - Posted by BoY

Posted by BoY on February 28, 2002 at 13:46:36:

Hi,

Is it true that I can’t create a C-corp or S-Corp if I’m not a US citizen? I’m from a different country and have been working here as a computer consultant for 4 years. I just would like to confirm if this requirement is still true and is there any way around this requirement? I wanted to setup my Real Estate business as an S-corp.

Your advise is highly appreciated.

BoY