alt Hacker News> If the Corporation is type S it is purely US citizen owned
Purely US resident owned, not US citizen owned. Resident aliens, who are not citizens, can have ownership in an S corp.
> If the Corporation is type S it is purely US citizen owned
Purely US resident owned, not US citizen owned. Resident aliens, who are not citizens, can have ownership in an S corp.
Out of an abundance of caution, please talk with AMCHAM, and a local tax lawyer first. In most cases, founders almost always want to form a type C corporate entity within their largest trading state.
People often do whatever they like, but whether it is locally legal is not a YOLO/LLM matter. Best of luck =3