Which of the Following Is Needed in Order for a Business

question 19

Multiple Choice

Which of the following is needed in order for a business to qualify as an S corporation?

• A) No more than 100 shareholders.
• B) Only individuals, trusts, and in some circumstances corporations as shareholders.
• C) At least $10,000 in capital.
• D) No more than 100 shareholders; only individuals, trusts, and in some circumstances corporations as shareholders, and at least $10,000 in capital.
• E) No more than 100 shareholders and only individuals, trusts, and in some circumstances corporations as shareholders; but there is no requirement of at least $10,000 in capital.

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