An S Corporation Can Have Both Voting and Nonvoting Common

question 103

True/False

An S corporation can have both voting and nonvoting common stock as long as the shares of stock have identical rights to share in the profits and assets of the corporation.

---

Definitions:

Life Expectancies

The average period that an individual or organism is expected to live, based on statistical data.

Literacy Rate

The percentage of people within a population who have the ability to read and write, often used as an indicator of educational attainment and social development.

United Nations Universal Declaration

The Universal Declaration of Human Rights is a historic document adopted by the United Nations in 1948, outlining the rights and freedoms to which all human beings are entitled.

Human Rights

Fundamental rights that every individual is entitled to, regardless of nationality, sex, ethnicity, religion, or any other status.