Can a S-Corp be a 1 person shareholder? If so, what's the best way of handling minutes? Who signs the secretary line of the certificate of s
Answers
Yes, in most instances an s-corp can have just one shareholder, but the shareholder needs to be a US citizen. Minutes can be handled very simply, and, as I understand it, the shareholder can act in all corporate officer duties, including secretary.
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BASED ON YOUR ANSWER: Can you please help with my doubt: I am a foreigner, and I opened a LLC that have just one shareholder (offshore bvi company) , but I have the letter CP-275 from IRS - EIN/FEI # who show me what form I will use in 2014, the form 1065 (partnership). The proposal of my company is Property investments, my company will receive property rent.
MY QUESTION IS: Can I apply for a S-corp or I should apply to be a CORP. (because only me, have the
Could you please tell me whats is better in my case
(sorry my bad English)
Thank you for your time
Ken is correct. My co is a sub s and I'm the sole shareholder, president and secretary.
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Don't forget
thanks so much for the answer