Multiple Choice
Which of the following is needed in order for a business to qualify as an S corporation?
A) No more than 100 shareholders.
B) Only individuals, trusts, and in some circumstances corporations as shareholders.
C) At least $10,000 in capital.
D) No more than 100 shareholders; only individuals, trusts, and in some circumstances corporations as shareholders, and at least $10,000 in capital.
E) No more than 100 shareholders and only individuals, trusts, and in some circumstances corporations as shareholders; but there is no requirement of at least $10,000 in capital.
Correct Answer:
Verified
Correct Answer:
Verified
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