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Can a corporation own a s corporation?

In: Business & Finance, Salary and Pay Rates, Business Law [Edit categories]

Answer:

A corporation cannot own shares of a Scorp

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First answer by Irstaxhelp. Last edit by Irstaxhelp. Contributor trust: 0 [recommend contributor ]. Question popularity: 1 [recommend question].

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Can a corporation own an s Corporation?
No, only actual people can be shareholders of an S corp. Actually, I had this same question and called the IRS because I noticed there may be a loop hole. My question to the IRS is can an LLC that...
Can a partnership own an S corporation?
A partnership can not own an S corporation. It is not a person, and does not qualify as a Q-Sub trust. The references as to who can own a S corporation can be found at the following government web...
Can a c corporation own a subchapter s corporation?
No. Shareholders must be individuals, their estates, certain trusts or tax exempt entities.
Can a proffessional corporation be an s corporation?
yes and no.
Can a corporation own a corporation?
Absolutely, this is done quite frequently in business's. Notice how some company's are called divisions or subsidiary of other companies, well that's because they are separate corporations owned by...