In order to be eligible to be a shareholder of an S-Corporation the individual would need to be classified as a “Resident Alien”. A "Resident Alien" has the legal capacity to work and pay taxes in the United States and therefore should possess a Social Security Number (SSN) or a Individual Taxpayer Identification Number (ITIN).
Articles in this section
- The Advantages of Forming an S Corporation
- LLC vs. S Corporation
- What are the Advantages of an S Corporation?
- What are the Disadvantages of an S Corporation?
- Is there a limit to the amount of shareholders an S Corporation can have?
- Who Will Typically Elect the S Corporation Status?
- Can a foreign resident be a shareholder in an S Corporation?
- How Many Shares of Stock will my Corporation Need?
- What are Bylaws?
- What is the Customized Corporate/LLC Kit?