Which of the Following Requirements Is Not Required by a Corporation

question 47

Multiple Choice

Which of the following requirements is not required by a corporation to qualify for S corporation status?

• A) The corporation must have only one class of stock.
• B) The corporation must file a timely election signed by all the shareholders to be treated as an S corporation.
• C) The corporation must have no more than twenty-five shareholders.
• D) The corporation must be a domestic corporation.

---

Definitions:

Social Media Crisis

A critical situation or emergency that arises on social media platforms, potentially damaging to an individual's or organization's reputation.

Trending Hashtag

A keyword or phrase popular on social media at a certain time, marked by the hash symbol (#), and used to draw attention to content on a specific topic.

Equifax

A global data, analytics, and technology company known for providing credit reporting and other financial services.

Advocates

Individuals who support and promote a brand or cause, often sharing their positive experiences with others.