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Undocuhustle
  • Get Started
  • Inspiration
  • All Topics
    • Independent Contracting
    • Starting a Business
    • Finance & Capital
    • Taxes
    • Marketing & Promotion
  • Log In / Sign Up
    • Lost your password?

      Please enter your username or email address. You will receive a link to reset your password via email.

    • Sign Up
    • Create an account to access the interactive worksheets and save all of your information.
    • My Profile
    • My Plans

Starting a Business

Corporations

A corporation is a business in which shareholders exchange money, property or both for the business’s capital stock. The corporation then pays taxes and distributes (any) profits to shareholders. Anyone, regardless of immigration status, may incorporate as a corporation. The most common corporation types are S-Corporations and C-Corporations.

 

S-Corporations

S-Corporations cannot have a nonresident alien (for tax purposes) as a shareholder. The corporation passes profits and losses through shareholders so the business is not taxed.

C-Corporations

C-Corporations limit liability of directions, shareholders employees and officers. Legally, the business’s obligations do not get passed on to the personal debt of any individual sso with the business. Most corporations are C-Corps.

Founded in 2006, Immigrants Rising transforms individuals and fuels broader changes. With resources and support, undocumented young people are able to get an education, pursue careers, and build a brighter future for themselves and their community.

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