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:

Nonmonetary Rewards

Benefits given to employees that do not involve direct payment, such as recognition, awards, or opportunities for professional growth.

Programmed Decision

A decision made using a rule, procedure, or quantitative method.

Organization

An organization is a group of people working together in a structured way to achieve collective goals and objectives.

New Product

An item that has been introduced to the market recently, offering new characteristics or purposes that distinguish it from existing products.