Board members are responsible for making strategic goals and decisions for the charitable organization. Officers are generally the “responsible party” of the entity and oversee all financial compliance and funding while working under the board of directors’ control. Generally, there are no restrictions on foreign ownership of a company formed in the United States. Further, a foreign citizen may be an officer or director for a non-profit organization so long as they do not receive a salary or compensation for the services provided in the United States. The Internal Revenue Service, (IRS) only requires that the principle officer be a natural person, not an entity, and that they apply for an employee identification number (EIN) through the IRS.
Are Officers and Directors of U.S Non-Profit Organizations Required to be U.S Citizens or Legal Permanent Residents?
- January 17, 2020
- • Business Law, Foreign Reporting, Immigration Law
- No Comments
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Eric Gros-Dubois
Eric P. Gros-Dubois founded EPGD Business Law in 2013 and is the current head of the firm’s corporate, estate planning, and tax practice, and manages the firm’s Washington D.C. office. With a JD and MBA, and a specialization in finance, Eric is able to step back and view the legal world through a commercial lens while also acting as a trusted business advisor for his clients. He does his best to be solutions oriented, and tries to think like a business owner, not just a lawyer.
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