An S Corporation Can Be a Shareholder in Another Corporation

question 166

True/False

An S corporation can be a shareholder in another corporation.

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Definitions:

Consumer

Someone who buys or leases real estate, goods, or services for personal, family, or household purposes.

Good Faith

A principle emphasizing honesty and sincerity in dealings, particularly in legal contracts or negotiations, without any intention to deceive or commit fraud.

Depositary Bank

A financial institution that holds securities for investors, managing dividend and interest payments.

Collection

The process of pursuing payments of debts owed by individuals or businesses.