Any Corporation with More Than 100 Shareholders Is Automatically Considered

question 100

True/False

Any corporation with more than 100 shareholders is automatically considered a C corporation for federal income tax purposes.

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Definitions:

Social Reform

Efforts aimed at making structural changes to society in order to correct injustices and inequalities, often involving legislative, social, or economic changes.

Permanent Colonies

Permanent colonies refer to long-term settlements established by nations outside their borders, intended to remain indefinitely and often serve economic, strategic, or colonization purposes.

Women's Christian Temperance Union

An organization founded in 1874 in the United States that advocated for prohibition and tackled various social issues from a Christian perspective.

Midwestern States

A region in the United States comprising states located in the central part of the country, known for its agricultural and industrial output.