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== == 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 address: http://edocket.access.gpo.gov/cfr_2006/aprqtr/pdf/26cfr1.1361-1.pdf
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoNo, 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 opts to be taxed as a Sole Proprietor own stock in an S Corp. They affirmed that in fact an LLC taxed at the sole proprietor level can own stock in an S Corp. However, if the LLC files form 2553 can't own stock in an S Corp.
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Can corporation be a stockholder in a corporation?
Yes, a corporation can be a stockholder in a regular C corporation. A common form of this is called a "holding company" but other types of companies regularly buy stock in other companies too. However, a corporation cannot own stock of an "S" type corporation. Only actual people can own shares of an S corporation.
Can a corporation own itself?
A corporation can own itself. There can be just one owner or there can may owners of the corporation.
What do you call a business in which many investors own shares?
PLC public limited company Other terms: - For profit C-corporation. - S-corporation.
Is Home Depot a S corporation?
It's a C corporation.
What is the meaning of a S Corporation?
In the USA, a S Corporation is a corporation that basically pays no taxes. It takes its name from Subchapter S of Chapter One of the Inland Revenue Code.
Can corporation be a stockholder in a corporation?
Yes, a corporation can be a stockholder in a regular C corporation. A common form of this is called a "holding company" but other types of companies regularly buy stock in other companies too. However, a corporation cannot own stock of an "S" type corporation. Only actual people can own shares of an S corporation.
Can a corporation own itself?
A corporation can own itself. There can be just one owner or there can may owners of the corporation.
Can an S corporation be sued?
Yes. S-Corporation status does not change a corporation's liability to suits.
Who are the shareholderss of a corporation?
People that own shares of the corporation.
What form of ownership is Ford motor company c corporation s corporation or llc?
s corporation
Can a proffessional corporation be an s corporation?
yes and no.
Who can own a s corporation?
An S corporation can be owned by any US citizen or resident who is a natural person or certain qualified entities (estate, trusts and non-profits). An S corporation is limited to a total of 100 shareholders under current law.
How do you buy into a business that is an S-Corp?
You can buy stock from an S corporation directly from the S Corporation stockholders. The S corporation can have a maximum of 35 stockholders.
What is Geiger corporation 's population?
Geiger - corporation -'s population is 500.
Who has the most control a corporation?
The people who own the most shares in the corporation
What do you call a business in which many investors own shares?
PLC public limited company Other terms: - For profit C-corporation. - S-corporation.
What has the author Anthony Mancuso written?
Anthony Mancuso has written: 'Taking Care of Your Corporation' -- subject(s): Popular works, Stockholders' meetings, Industrial management, Corporation law, Law and legislation, Corporate governance 'LLC maker' -- subject(s): Popular works, Limited partnership, Private companies 'Your limited liability company' -- subject(s): Popular works, Private companies 'The California nonprofit corporation handbook' -- subject(s): Nonprofit organizations, Law and legislation, Popular works, Incorporation 'Form Your Own Limited Liability Company 4th Edition' -- subject(s): Popular works, Limited partnership, Private companies 'Buy-sell agreement handbook' -- subject(s): Law and legislation, Popular works, Sale of business enterprises 'How to Form a California Professional Corporation with CD-ROM' 'How to form a Florida corporation' 'Nonprofit meetings, minutes & records' -- subject(s): Nonprofit organizations, Management, Law and legislation, Records and correspondence 'How to Form Your Own Florida Corporation/Includes DOS 3 1/2\\' 'How to Form Your Own California Corporation (How to Form Your Own California Corporation' 'LLC or Corporation? How to Choose the Right Form for Your Business' -- subject(s): Popular works, Private companies 'How to form a nonprofit corporation' -- subject(s): Nonprofit organizations, Law and legislation, United States, Popular works, Incorporation 'LLC or corporation?' -- subject(s): Popular works, Private companies, OverDrive, Business, Law, Nonfiction, Reference 'How to Form Your Own Texas Corporation (How to Form Your Own Texas Corporation (W/Disk))' 'Form Your Own Limited Liability Company' -- subject(s): Popular works, Limited partnership, Private companies 'How to Form Your Own California Professional Corportation (How to Form a California Professional Corporation)' 'Corporate Records Handbook,The' -- subject(s): Business, Nonfiction, Professional, Reference, OverDrive 'How to form your own Texas corporation' -- subject(s): Close corporations
