Q: What do I need to do and who do I need to see in order to being able to get the company shares and became a partner?
I am an Italian Citizen and I work for an American small company that my friend opened a couple of years ago. Now he wants me to became a partner shareholder of the company. What do I need to do and who do I need to see in order to being able to get the company shares and became a company partner?
A: If your friend wants you to become a partner (if the company is a partnership) or shareholder (if the company is a corporation), insist that he show you the documents.
A: You don't need to do anything besides asking your friend to consult an attorney. How your friend gives you ownership would depend on a number of factors such as tax considerations, whether it is a corporation, LLC, LP and what is written in the company formation documents. Generally, being non-US citizen or permanent resident does not disqualify you from owning percentage of a US business.
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