Posted by Michel on July 13, 2001 at 04:11:15:
- Do you have to be a U.S. citizen or a U.S. resident to incorporate and/or own a corporation in Texas?
No. The Texas Business Corporation Act and the Texas Non-Profit Corporation Act do not place any restrictions on who can incorporate or own shares in a corporation except that the incorporator must be at least 18 years old. A corporation may provide residency or citizenship limitations in its articles of incorporation or bylaws. You should consult tax counsel or the Internal Revenue Service to determine any ownership or other restrictions that apply to S corporations.