Which of the following corporations is allowed to make an S corporation election?

Question

Quizplus · Accepted Answer

To qualify as an S corporation, a corporation must have no more than 100 shareholders, all of whom must be individuals, estates, certain trusts, or exempt organizations. Additionally, the corporation must be a domestic corporation and cannot be an ineligible corporation (e.g. a corporation owned by another corporation or a partnership). Based on the answer choices provided, option A is the only corporation that meets these qualifications, as it is a U.S. owned and operated corporation with only two individual owners. Option B is owned by a non-qualifying foreign corporation and option C has too many shareholders to qualify as an S corporation.

Which of the Following Corporations Is Allowed to Make an S