Can Non-Resident Aliens Own S-Corporations
A non-resident alien cannot own an S-Corporation, but there are no citizenship or residence requirements for ownership of a C Corporation or an LLC.
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Can a Trust Start a C-Corporation or S-Corporation
Yes, a trust (with an EIN) can start a C-Corporation, but not an S-Corporation. S-Corporations do not allow trusts these same rights. The trust cannot serve because only a natural [living] person can serve as a corporate officer. Although a private ...
Which Is Best: One C-Corp (Corporation) OR Multiple C-Corps (Corporations)
Most owners have multiple C-Corps if they have multiple businesses. The more that is separated, the more protection that is offered should one corporation be subject to a lawsuit.
How Does One Change an LLC Into A C-Corp or S-Corp
It is best to ask one's State Corporation Division or a qualified CPA within the area, but often it will require a new filing. Apple LLC and Apple Inc. are considered unique and separate entities, each having a unique name. If one owns Apple LLC and ...
How Does One Transfer Assets Into A Corporation (S-Corp or C-Corp)
One would create a promissory note between one's self personally and the corporation. Then create a payment schedule and an interest rate that is found in the real world (5-10%) and make monthly payments of interest and maybe principal according to ...
Should One Turn an LLC Into A C-Corp
A C-Corp offers much better protections over an LLC (LIMITED Liability Corporation); the primary word being "limited" which declares it to not be fully shielded from larger lawsuits. There is still a liability if a lawsuit goes over ~$250,000 ...