Multiple Choice
A(n) ________ is a corporation where the outstanding shares of stock and managerial control are held by fewer than ________ shareholders.
A) S corporation;25
B) close corporation;50
C) alien corporation;50
D) shell corporation;100
Correct Answer:

Verified
Correct Answer:
Verified
Q30: A&B,a general partnership,wants to become "A&B,LLC." "A&B
Q31: The Panon Corporation is incorporated in Tennessee,but
Q32: An electric company would be an example
Q33: ABC Co.owns land that is in the
Q34: In creating ABZ Inc. ,Newman and Zimmer
Q36: A limited liability company is best thought
Q37: Big Co.creates a wholly owned subsidiary,Small Co.Small
Q38: Janice requires information about the voting rights
Q39: A corporation is a domestic corporation in
Q40: Dividends are the net profits,or surplus,set aside