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Ellen, Attorney
Category: Business Law
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Experience:  25 years of experience helping people like you.
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Can Delaware Close Corporation have as its shareholder another

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Can Delaware Close Corporation have as it's shareholder another Corporation or foregin entity, or does shareholders have to be natural persons ?
*Nothing herein is intended as legal advice, only intended as general information to better help yourself.*


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A corporation or foreign entity may be a shareholder in a Delaware close corporation unless prohibited by the close corporation certificate of incorporation.

My answer is based upon Delaware Statute § 342 and § 102. The statutes may be read at this link:

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