Legal Question in Business Law in California

I am citizen of Europe country.

I live in Europe most of the time.

Can I open a corporation in California as a foreigner

to do business on international basic like this:

http://www.qigongenergyhealing.com/

It is Distance energy healing

I would like to conduct business using this act:

http://www.leginfo.ca.gov/pub/01-02/bill/sen/sb_0551-0600/sb_577_bill_20020923_chaptered.html

and do business without a formal license.


Asked on 6/23/12, 2:14 am

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Foreigners may form, own and operate California corporations. There is a popular taxation option under which certain small corporations may elect to have income taxes paid only by the shareholders, while the corporation itself pays no income tax (the so-called "S" corporation election). This option is not available for corporations which have any stockholder who is a non-resident alien. However, otherwise and in general, there is no limitation upon formation, ownership or management of California corporations by foreigners.

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Answered on 6/30/12, 6:36 pm


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