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:

Control

The power to influence or direct people's behavior or the course of events.

Immune System

The body's defense mechanism against infections, diseases, and foreign substances, comprising various organs, cells, and proteins.

White Blood Cells

Components of the immune system that defend the body against infectious disease and foreign materials.

Coronary Heart Disease (CHD)

A condition characterized by reduced blood flow to the heart muscle, often due to the buildup of plaque in the coronary arteries.