Shareholders Owning A(n) of Shares (Voting and Nonvoting) May

question 43

Short Answer

Shareholders owning a(n) of shares (voting and nonvoting) may
____________________ revoke an S election.

---

Definitions:

Limited Partnership

A business organization with one or more general partners who manage the business and assume legal debts and obligations, and one or more limited partners who are liable only to the extent of their investments.

Dissolved

The process of legally terminating the existence of an entity, such as a corporation or partnership, according to the laws of the jurisdiction in which it is registered.

Capital Contribution

Money, assets, or other resources a partner or shareholder provides to a company or partnership to increase its capital.

LLC Statutes

Laws and regulations that govern the formation, operation, and dissolution of Limited Liability Companies within a jurisdiction.