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A Corporation Can Choose to Voluntarily Revoke a Valid Subchapter

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Essay

A corporation can choose to voluntarily revoke a valid Subchapter S election.How do the shareholders accomplish a voluntary revocation and when will the revocation be effective?


Definitions:

Opportunity Cost

The cost of forgone alternatives; the value of the next best choice that one gives up when making a decision.

Keg

A keg is a small barrel traditionally used for transporting and storing large quantities of liquid, especially beer.

Pizzas

A popular dish made from flattened dough topped with tomato sauce, cheese, and various other ingredients, baked at a high temperature.

Production

The process of translating raw materials or inputs into finished goods or services through the application of labor, tools, and technology.

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