Examlex
Which one of the following is NOT considered a 'material' cost?
S Corporation Election
A tax status election made by a corporation with the Internal Revenue Service to be taxed as a pass-through entity, avoiding double taxation on corporate income.
Shareholders' Consent
The approval or agreement by shareholders, often required for major company decisions, typically obtained through voting mechanisms.
Majority
Majority refers to more than half of a particular group or amount, often used to describe the requirement for decision-making in voting contexts.
Certificate of Authority
A document that grants a company the legal right to conduct business outside of its original state of registration.
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