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S corp and Trust

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FlyingRon

Senior Member
Corporate officers have to be people. A trust may own shares (and perhaps a controlling or even all shares) in the corporation. The trustee could be an officer or the trustee could vote the shares and elect some other person.

What are you getting at?
 

tranquility

Senior Member
I agree with FlyingRon, people have to be directors/officers. But, a grantor trust (A living trust can be one.) is an entity which is not prevented from owning an S-corp.
 

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