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Who can work for an S Corp?

Asked by: Hari - 13 March, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 I am on Work Permit (EAD - Employment Authorization Document with an SSN) Can I start an S-Corporation?
Answered by: Alec Green - 21 March, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/2.jpg-d85fc946de818bb769fdd6ce8cd95478 Dear Hari,

Unfortunately, as we explain in detail in our article regarding S-Corporations, only a U.S. citizen or a permanent resident can be a shareholder (owner) of a subchapter S corporation. However, please consider forming an LLC, as there are no residency or citizenship restrictions there. Moreover, an LLC offers you much the same benefits as an S-corporation would while requiring much less efforts to maintain. Take a look at our comparison of LLC and S-corporation to learn more.

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