Which of the Following Is Necessary in Order for a Business

Multiple Choice

Which of the following is necessary in order for a business to qualify as an S corporation?

A) No more than 100 shareholders
B) Only individuals,trusts,and (in certain circumstances) corporations as shareholders
C) At least $10,000 in capital
D) No more than 100 shareholders; only individuals,trusts,and (in certain circumstances) corporations as shareholders; and at least $10,000 in capital
E) No more than 100 shareholders and only individuals,trusts,and (in certain circumstances) corporations as shareholders; however,there is no requirement of at least $10,000 in capital