For the complete documentation index, see llms.txt
For the complete documentation index, see llms.txt
What are the shareholder eligibility requirements for an S-Corp election?
## US citizenship and residency
Shareholders must be U.S. citizens or residents.
## Allowed shareholder types
Certain entities like trusts and estates are also allowed.
## Not allowed as shareholders
Corporations, partnerships, and non-resident aliens cannot be shareholders.