Which of the Following Would Terminate a Subchapter S Election

question 9

Multiple Choice

Which of the following would terminate a Subchapter S election?

• A)Estate becomes a shareholder.
• B)Grantor trust becomes a shareholder.
• C)Voting trust becomes a shareholder.
• D)Partnership becomes a shareholder.

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Definitions:

Preemption

A doctrine in law where higher authority laws take precedence over laws created by lower levels of government.

Cooperative Federalism

A concept where national, state, and local governments interact cooperatively and collectively to solve common problems, rather than making policies separately.

Home Rule

The power granted to local governments to govern themselves with minimal interference from higher levels of government.

Public-Works Projects

Infrastructure projects funded and implemented by the government for public use and benefit, such as roads, bridges, and water treatment facilities.