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Can a S-Corp be a 1 person shareholder? If so, what's the best way of handling minutes? Who signs the secretary line of the certificate of s

Answers

Topic Expert
Ken Kaufman
Title: CFO
Company: Community Dental Partners
LinkedIn Profile
(CFO, Community Dental Partners) |

Yes, in most instances an s-corp can have just one shareholder, but the shareholder needs to be a US citizen. Minutes can be handled very simply, and, as I understand it, the shareholder can act in all corporate officer duties, including secretary.

Angela mack
Title: Management Consulting
Company: Creatrix Offices
(Management Consulting, Creatrix Offices) |

BASED ON YOUR ANSWER: Can you please help with my doubt: I am a foreigner, and I opened a LLC that have just one shareholder (offshore bvi company) , but I have the letter CP-275 from IRS - EIN/FEI # who show me what form I will use in 2014, the form 1065 (partnership). The proposal of my company is Property investments, my company will receive property rent.

MY QUESTION IS: Can I apply for a S-corp or I should apply to be a CORP. (because only me, have the Tax Identification Number=Tax ID, is not Social Security)

Could you please tell me whats is better in my case

(sorry my bad English)
Thank you for your time

Topic Expert
Joseph Ori
Title: CEO
Company: Paramount Capital Corporation
(CEO, Paramount Capital Corporation) |

Ken is correct. My co is a sub s and I'm the sole shareholder, president and secretary.

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

Don't forget treasurer and CCBW - chief cook and bottle washer :)

Angela mack
Title: Management Consulting
Company: Creatrix Offices
(Management Consulting, Creatrix Offices) |

thanks so much for the answer

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