2006-07-13 09:08:07 · 4 answers · asked by Armand R 1 in Business & Finance ➔ Other - Business & Finance
After the corporation is formed, the incorporator appoints the initial directors. In a simple structure, a corporation might have three directors. There is no requirement that the directors be U.S. citizens. They may all be foreign nationals residing abroad. The directors appoint the initial officers (e.g., a president, secretary and optionally a treasurer and one or more vice presidents) and authorize the opening of a bank account and the issuance of the initial shares of stock.
2006-07-13 09:16:48 · answer #1 · answered by kurtbelyeu 2 · 3⤊ 1⤋
First of all, "partnership in a corporation" is an oxymoron. Partnerships have partners, corporations have shareholders.
The short answer to your question is yes on both; however, if the non-citizen is to be a President of a corporation and receive a salary, he or she must be authorized to work in the U.S.
2006-07-13 16:15:55 · answer #2 · answered by NC 7 · 0⤊ 0⤋
Yes. It happened a while back with Ford Motor Co. An Aussie man became president of the Company.
2006-07-13 16:12:00 · answer #3 · answered by wiregrassfarmer 3 · 0⤊ 0⤋
President of a corporation does not have a citizenship requirement.
2006-07-13 16:12:39 · answer #4 · answered by fcas80 7 · 0⤊ 0⤋