You probably didn’t think to ask this until you saw it was a question. Answer: No. S Corporations are restricted with respect to their ownership, one of the key factors why they can’t always be used. For example, no more than 100 shareholders can own shares in an S Corp, no shareholder can be a non-resident alien, and unless certain filings and compliance rules are met, they generally can’t be owned by other entities, only individuals.
Recent Posts
- Law in the Time of Corona: Force Majeure During an Outbreak of... March 26, 2020
- Uncle Sam doesn’t like the losses you’re taking for your hobbies. In... December 16, 2015
- Do You Need An Entity For Your Business? September 28, 2015
Popular Posts
- Partnerships: Initial Legal Considerations September 28, 2015
- Do You Need An Entity For Your Business? September 28, 2015
- Uncle Sam doesn’t like the losses you’re taking for your hobbies. In... December 16, 2015
© 2012-2016 David Herzog Legal | inquiries@davidherzoglegal.com | Disclaimer