Multiple Choice
Tracy is considering expanding his business and has several potential new investors in mind. He originally wanted to form an S-corporation to protect the liability of the investors, but he is now considering a limited-liability company instead because he knows there can be only ____ stockholders in an S-corporation.
A) 10
B) 25
C) 50
D) 100
E) 108
Correct Answer:
Verified
Correct Answer:
Verified
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