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    Legal Environment of Business
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    Exam 15: Corporations
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    To Qualify for Subchapter S Status,a Supermajority of the Shareholders
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To Qualify for Subchapter S Status,a Supermajority of the Shareholders

Question 39

Question 39

True/False

To qualify for Subchapter S status,a supermajority of the shareholders must consent to the Subchapter S designation.

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