Legal Question in Business Law in California

Hi,

I work remotely from home for a company in CA, US. (I am not a citizen of the US and I dont live in the US). The company offer me an amount of share. My question is: Is it legal for me to own the share? Do I have to notice/do anything to legally own the share? Is there any legal restriction for me to sell the share to other people?

Thank you very much!


Asked on 11/16/09, 12:16 pm

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

Foreigners can, and do, own lots of stock in U.S. companies, including those incorporated in California. There is one important restriction that I know of: a corporation that has elected to be taxed like a partnership, i.e., a so-called "S" corporation, cannot have a non-resident alien as a shareholder.

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Answered on 11/21/09, 12:59 pm


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