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7/16/07, 4:34 pm

Legal Question

Foreign board member

For an S-corp is it possible to have board members that is living in Europe? Also is it possible for a Green card holder to own shares in an S-Corp?

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Re: Foreign board member An "S" corporation cannot have a non-resident alien as a shareholder. This limitation would not...

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Answered By:

Bryan Whipple

Re: Foreign board member Depends. The requirement is that they must be a U.S. citizen or resident. So it would probabl...

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Answered By:

Michael Cohen, Esq.

Re: Foreign board member Yes...a green card holder can own shares in s-corp. Please note that green card means permanen...

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Answered By:

Amy Ghosh

Re: Foreign board member Assuming a California corporation: Yes and yes (if by green card holder, you mean resident age...

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Answered By:

Jonas Grant

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