Which of the Following Requirements Must Be Met by a Corporation

Multiple Choice

Which of the following requirements must be met by a corporation to qualify for S corporation status?

A) The corporation must have more than one class of stock.
B) The corporation must file a timely election signed by all the shareholders to be treated as an S corporation.
C) The corporation must have no more than twenty-five shareholders.
D) The corporation can be a domestic or foreign corporation.