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.

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Definitions:

Buffer

A tool or process that reduces the impact of fluctuations or transitions in a system, providing a form of stabilization or protection.

Effective

Producing the intended or desired result.

Explanatory Style

An individual's habitual way of explaining events, which can impact their outlook and mental health.

Expressive Style

The characteristic ways in which an individual communicates their emotions and feelings through verbal and non-verbal methods.