California | Business Law
Legal Question
Hi,
I work remotely from home for a company in CA, US. (I am not a citizen of the US and I dont live in the US). The company offer me an amount of share. My question is: Is it legal for me to own the share? Do I have to notice/do anything to legally own the share? Is there any legal restriction for me to sell the share to other people?
Thank you very much!
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Legal Answer
Foreigners can, and do, own lots of stock in U.S. companies, including those incorporated in California. There is one important restriction that I know of: a corporation that has elected to be taxed like a partnership, i.e., a so-called "S" corporation, cannot have a non-resident alien as a shareholder.
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Bryan R. R. Whipple, Attorney at Law P O Box 318 Tomales, CA 94971-0318
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