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You can't own an S corp unless you're a US resident (citizen or GC holder).
by isalmon 14y ago
You can't own an S corp unless you're a US resident (citizen or GC holder).
- hnwh 14y agoBut you can own a C-Corp, which is what a venture-funded startup needs to be
- isalmon 14y agoAgreed, but not every single new business is focused on raising VC capital
- marquis 14y agoYou can also be the sole member of an LLC, which is sufficient for having a U.S. bank account and doing business, if you're not looking for VC funds. Real estate agents deal with these kinds of LLC setups anytime for foreign real estate purchases.
- sharth 14y agoWhy does the company even need to be registered in the USA?
- elias 14y agoActually, the requirement is that you area tax resident. Similar but very different.