Jeff is forming a company.If he chooses a(n)________ form of ownership,he can have no more than 100 stockholders and must have only one class of stock.
A)partnership
B)corporation
C)S-corporation
D)master limited partnership

Question

Quizplus · Accepted Answer

Choosing the S-Corporation form of ownership would be the best choice for Jeff's company, as it allows for limited liability and limits the number of stockholders to 100, while also allowing for pass-through taxation. This form of ownership would also only allow for one class of stock, which would simplify the ownership structure.

Jeff Is Forming a Company