Multiple Choice
Maurice and Stanley have sold stock to eight of their friends and have enough money to expand the business and to open another store. During a shareholders' meeting, Maurice, Stanley, and the eight other shareholders unanimously agreed that it would be better to pass through the company's profits and losses like a partnership. All of the shareholders are individuals and United States citizens. The shareholders could vote to change the corporation into a(n)
A) S-corporation.
B) limited liability company.
C) alien corporation.
D) foreign corporation.
Correct Answer:

Verified
Correct Answer:
Verified
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