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Corporation for foreigners

Asked by: mariana  — 26 February, 2012

Does one must be US citizen to open a corporation?

Answered by: admin  — 26 February, 2012

Dear Mariana,

Foreign individuals or entities can be shareholders of a US corporation, provided this corporation is not S-Corporation. Same rules apply for LLCs as well, meaning a foreigner can bea member of an LLC as long as the LC is not elected to be taxed as S-Corporation.

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