An S Corporation May Not Have More Than 75 Shareholders

question 51

True/False

An S corporation may not have more than 75 shareholders.

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Definitions:

Quinces

A fruit related to apples and pears, with a yellow exterior and hard flesh, often used in cooking and making preserves.

Kumquats

Small, orange-colored, and edible citrus fruits with a sweet outer peel and tart inner flesh, commonly eaten whole or used in marmalades and jellies.

Kumquats

Small, edible, orange-like fruits that can be eaten whole, including the peel, known for their sweet rind and sour flesh.

Quinces

A type of fruit related to apples and pears, known for its bright yellow color and unique flavor, often used in jams, jellies, and baking.