Which of the Following Statements About S Corporations Is MOST

Multiple Choice

Which of the following statements about S corporations is MOST accurate?

A) S corporations enable owners to avoid the problem of double taxation.
B) S corporations can have an unlimited number of owners.
C) S corporations must have fewer than 5 employees.
D) S corporation are easier to set up than sole proprietorships and partnerships.
E) S corporations have unlimited liability.