Which of the Following Is Not a Requirement for Qualification

question 6

Multiple Choice

Which of the following is not a requirement for qualification as an S corporation?

• A)The corporation must be a domestic corporation.
• B)The corporation must have 25 or fewer shareholders.
• C)The corporation must have only one class of stock outstanding.
• D)The shareholders of the corporation must not be nonresident aliens.
• E)None of the above.

---

Definitions:

Paralegals Supervised

Refers to the requirement that paralegals operate under the direct supervision of licensed attorneys to ensure the delivery of competent legal services.

Client Contact

Interaction or communication between a service provider or professional and their client, often for the purpose of consultation, advisement, or progress updates.

Support Staff

Employees who provide essential services that help an organization run smoothly, but who are not part of the core function like production or sales.

Track of Contacts

The process of systematically recording and maintaining information on interactions or communications with individuals or entities.