S Status Can Be Elected If 50% of All Shareholders

question 36

True/False

S status can be elected if 50% of all shareholders consent to the S corporation election on the date of the S corporation election.

---

Definitions:

Computer Infected

A state where a computer system has been compromised by malicious software like viruses, trojans, or spyware.

Malicious Background

A term indicating background operations on a computer or network that are intended to be harmful or unauthorized.

Malicious Intent

The deliberate intention to cause harm or damage, often associated with cyber-attacks or the spread of viruses.

Packet Sniffer

A tool used for monitoring data passing over a computer network by capturing each data packet to decode and analyze its content.