New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
Hi-
I am a resident alien living in the US, wanting to open an S-Corporation in Maui, HI. I would like for my brother to be a corporate officer and share holder. He is a European citizen (Austria). What are the steps to be taken? Much Thank you!
Daniele
Daniele,
If you want to register an S-Corporation your brother will not be able to be a shareholder. All shareholders of S-Corporation (or LLC that elects to be taxed as S-Corporation) must be either U.S. citizens or residents, estates, or certain trusts. However there is no restriction for him to be an officer or a director of the corporation.
If you want your brother to be a shareholder the corporation must be C-Corporation. Alternatively you can form an LLC and make him a member.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
