Jose lives in Mexico City and is a Mexican citizen. He has several friends who are American citizens and own shares in an S corporation. Jose would like to invest in this company. Which statement is most accurate?
(1) Jose can become a shareholder but cannot become a manager, and his income must be paid in pesos.
(2) Jose can invest in this company, but must pay both U. S. and Mexican taxes.
(3) Jose cannot become a shareholder since he is not a citizen or permanent resident of the U. S.
(4) Jose needs approval from the Mexican government before he can invest.
Answers: 3
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Jose lives in Mexico City and is a Mexican citizen. He has several friends who are American citizens...
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