Can a Non-Citizen Form a Corporation as Sole Officer and Shareholder?
Full Question:
Answer:
Yes, citizenship is not required to form a corporation and it is possible to be the sole officer and shareholder. A close corporation is generally defined as a corporation owned by a limited number of stockholders, usually no more than 35, who generally are active in the affairs of the corporation. A close corporation is often composed of family members and frequently have restrictions on the transfer of shares. Laws are enacted on a state-by-state basis, allowing close corporations to manage themselves more informally than most corporations, such as allowing decisions without meetings of the board of directors.
For further information, please see:
http://blenderlaw.umlaw.net/wp-content/uploads/2008/09/closecorpstats001.pdf
http://www.flsenate.gov/Statutes/index.cfm?App_mode=Display_Statute&URL=Ch0607/titl0607.htm&StatuteYear=2009&Title=%2D%3E2009%2D%3EChapter%20607