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:

Autism Spectrum

A range of neural development disorders characterized by challenges with social skills, repetitive behaviors, speech, and nonverbal communication, each person with autism can have unique strengths and challenges.

Neurobiological Nature

The characteristics and functions of an organism as determined by the biological and neurological processes.

Family Concordance

Family Concordance indicates the degree to which family members share similar attributes, behaviors, or illnesses, highlighting genetic or environmental influences.

Pragmatic Skill

The ability to use language effectively in social situations, including understanding context and intent.