| Company (C Corporation, S Corporation or LLC) is a | | | | pension plans, charitable organizations, certain trust. |
| type of business entity which allows a person or | | | | 4. To maintain subchapter “S” Corporation |
| persons to carry on their business without risking their | | | | status and therefore there is a requirement for strict |
| personal assets, what it does it is, limits personal liability | | | | compliance with stringent rules. |
| using the Corporate Veil. | | | | So, in essence the option for Non Residents, Non |
| There is no restriction on an Non Resident becoming a | | | | American Citizens is to incorporate their business as a |
| director or share holder of a U.S Corporation, however | | | | C Corporation or as a Limited Liability Corporation |
| the only exception to that is an S Corporation. The | | | | (LLC). |
| subchapter “S” Corporation is a variation of the | | | | Incorporating a company in the U.S not only helps you |
| “C” Corporation and under a different IRS Tax | | | | to protect your assets, but also de-risk and overcome |
| Code. The “S” Corporation is allowed the | | | | some of your Work Visa (H1, L1, F1 Opt) challenges. It |
| flow-through taxation treatment similar to that of a | | | | also allows you to plan your tax and save some |
| partnership and sole proprietorship. Double taxation is | | | | money from going to Uncle Sam! Incorporate your |
| avoided by its owners/shareholders. The limitations | | | | investment business, Day care center, Consulting |
| however are that: | | | | business, REIT, Non profit activities today, and realize |
| 1. Non-resident aliens cannot be shareholders. | | | | the asset protection, Saving in tax dollars today! |
| 2. Ownership is limited to 100 stockholders. | | | | Disclaimer: ICS does not offer legal services or legal |
| 3. Owners cannot be corporations, partnerships, | | | | advice, but only generic information on legal subjects. |