S Corporations Have More Restrictive Ownership Requirements Than Other Entities

question 86

True/False

S corporations have more restrictive ownership requirements than other entities.

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Definitions:

Endowment Policy

A life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.

Premiums

Regular payments made to keep an insurance policy active and maintain coverage against risks.

Endowment Policy

A life insurance contract designed to pay a lump sum after a specific term or on death.

Life Policy

An agreement that awards a specified sum to a named beneficiary when the person covered by the policy dies.