Both S and C Corporations allow for limited liability of the shareholders, officers and directors. C Corporations have no limitations as to the number of shareholders. In addition, shareholders do not need to be residents or citizens of the U.S. In addition, C Corporation shareholders can be any type of business entity. In contrast, an S Corporation limits the number of shareholders to 75. An S Corporation may not have non-resident alien shareholders and only individuals, estates or certain types of trusts can be granted shareholder status. Global Business Lawyers Nevada Business Lawyers Lovaas & Lehtinen, P.C.
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