An S Corporation Can Make a Voluntary Revocation of an S

question 85

True/False

An S corporation can make a voluntary revocation of an S election if shareholders holding more than 25 percent of the S corporation stock (including nonvoting shares)agree.

Appreciate the value of paraphrasing in communication.

Assess the process and importance of exchange in securing cooperation.

Understand the basic concepts of influence and persuasion in negotiation.

Identify the factors that make communication persuasive.

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Definitions:

Market Value

The estimated price at which a good or service would trade in a competitive marketplace.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Officer

An individual holding a position of authority or command, especially within a governmental, military, or corporate structure, responsible for enforcing laws or policies.

Shareholders

Investors in a corporation, who own the corporation.