Only 51% of the Shareholders Must Consent to an S

question 119

True/False

Only 51% of the shareholders must consent to an S election.

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Definitions:

Secretary-Treasurer

A combined executive role in organizations, responsible for both the secretarial duties and the financial management of the entity.

Negotiate Contracts

The process of discussing the terms of a contract between two or more parties to reach a mutual agreement.

Union Instrumentality

The perceived effectiveness of a labor union in achieving desired outcomes or goals for its members.

Employee's Decision

Choices or judgments made by an employee regarding their career path, job responsibilities, or workplace situations.