Canadian citizen owning US corporation
Asked by: Karen - 8 July, 2011
Can a Canadian citizen own a US corporation ? And also be a single member as well with no partners ?
Can a Canadian citizen own a US corporation ? And also be a single member as well with no partners ?
Answered by: Lloyd Johnson - 14 July, 2011
Karen,
The answer to both questions in yes, a Canadian citizen (or any citizen for that matter) can own a US corporation, and this corporation or otherwise and LLC can be owned solely by that person.
Keep in mind that owning a US entity might require such person to obtain what is called an ITIN and file personal tax return with the IRS (even if there was no profit in the US).
Karen,
The answer to both questions in yes, a Canadian citizen (or any citizen for that matter) can own a US corporation, and this corporation or otherwise and LLC can be owned solely by that person.
Keep in mind that owning a US entity might require such person to obtain what is called an ITIN and file personal tax return with the IRS (even if there was no profit in the US).
