AIRE Was Initially Formed as an S Corporation Three Years

question 123

Essay

AIRE was initially formed as an S corporation three years ago. AIRE has four equal shareholders, Adam, Irene, Raymond, and Ethan. Raymond and Ethan would like to terminate the S election. However, Adam and Irene are opposed to the idea. Can Raymond and Ethan make a voluntary election to terminate the S election without the consent of Adam and/or Irene? Explain.

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Definitions:

Carl Rogers

A psychologist who founded humanistic psychology and developed theories of the self, client-centered therapy, and conditions for personal growth.

Humanistic Psychologist

A psychologist focused on individual potential and the importance of growth and self-actualization.

Wilhelm Wundt

Recognized as the father of experimental psychology, he established the first psychological laboratory in Leipzig, Germany, in 1879.

Sigmund Freud

A neurologist from Austria who initiated psychoanalysis as a technique to treat mental disorders through conversational therapy between a psychoanalyst and their patient.