New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.


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.

Ask Incorporation Question
Please enter your full name
Please enter your email address
Please select your phone number
Please select
Please enter text message
Begin Web-Stat code v 6.0