Which of the Following Will Disqualify a Corporation from Electing

question 47

Multiple Choice

Which of the following will disqualify a corporation from electing Subchapter S status?

• A)The corporation has 80 shareholders.
• B)The corporation has one class of stock.
• C)The election form is signed by 80% of the shareholders.
• D)All shareholders are U.S.citizens except for 10% who are resident aliens.

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Definitions:

Need To Belong

A primary need for humans to develop and keep stable, significant bonds with other individuals.

Relationships Easily

The capacity or tendency to form connections or bonds with others with minimal effort or barrier.

Reluctant

Showing hesitation or unwillingness to do something.

Interpersonal Connections

Relationships or bonds between individuals based on mutual feelings, interactions, and shared experiences, influencing emotional and psychological well-being.