Which of the Following Is False Regarding Requirements Needed for a Business

question 70

Multiple Choice

Which of the following is false regarding requirements needed for a business to qualify as an S corporation?

• A) It must have no more than 100 shareholders.
• B) Individuals, trusts, partnerships, and in some circumstances corporations can be shareholders.
• C) All S corporations must be domestic corporations.
• D) No shareholder can be a nonresident alien.
• E) S corporations can issue only one class of shares, although they need not have identical voting rights.

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Definitions:

Group Nutrition Counseling

A process where a nutrition professional provides dietary guidance to a collective group of individuals, aiming to improve their nutritional habits and health outcomes.

Positive Role Models

Individuals whose behaviors, examples, or success can be emulated by others, especially by younger people.

Evaluation and Feedback

The process of assessing the performance or outcome of an activity, project, or individual, followed by providing constructive responses for improvement.

Communication Styles

The varied ways in which individuals express themselves and interact with others, often influenced by personality and cultural background.