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Can a Chinese citizen own a US Sole Proprietorship If so,

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Can a Chinese citizen own...
Can a Chinese citizen own a US Sole Proprietorship? If so, does he just apply for an EIN the same way I would as a US citizen?
Submitted: 7 years ago.Category: Business Law
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5/4/2010
Business Lawyer: socrateaser, Attorney replied 7 years ago
socrateaser
socrateaser, Attorney
Category: Business Law
Satisfied Customers: 39,350
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Yes. A U.S. Citizen could simply use his or her Social Security Number for the sole proprietorship. That said, a Chinese citizen could obtain an EIN from the IRS, as you hve suggested, and use it to operate a business as a sole proprietorship.

 

The only U.S. legal entity that an alien cannot own is an S-Corporation, because it is expressly prohibited by the Internal Revenue Code.

 

Hope this helps.

 

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