Based on the Information Available,is There an Impediment to the Business

Multiple Choice

Based on the information available,is there an impediment to the business qualifying as an S Corporation?

A) Yes, because there must be at least 100 shareholders involved.
B) Yes, because a business must operate as a partnership for at least two years before converting to an S corporation.
C) Yes, because a business must operate as a general corporation for at least two years before converting to an S corporation.
D) Yes, because at least one-third of the shareholders in an S corporation must be corporations.
E) No.