Legal Question in Business Law in Indiana
Corporation Shareholders
We were wondering if a ''C'' corporation could be a shareholder in an ''S'' corporation and vice versa?
Asked on 6/24/09, 4:50 pm
1 Answer from Attorneys
Brian Powers
The Law Office of Brian V Powers
Re: Corporation Shareholders
Under most circumstances, a shareholder of an S-corp must be a natural person - i.e. - not a corporate entity. There is some additional information on this topic located on my blog at http://bvplegal.com/indianapolis-business-law-blog/.
As always, I recommend that you contact a business attorney for advice regarding your specific situation.
Answered on 6/24/09, 6:29 pm
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