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    Foundations of the Legal Environment of Business Study Set 2
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    Exam 16: Governance and Structure: the Law of Business Associations
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    A Subchapter S or S Corporation Is
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A Subchapter S or S Corporation Is

Question 54

Question 54

Multiple Choice

A Subchapter S or S Corporation is:


A) a special class of close corporation under the MBCA.
B) an IRS tax treatment option for corporations owned by a limited number of shareholders.
C) a not-for-profit corporation.
D) None of the above

Correct Answer:

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