S corporations can have nondomestic alien stockholders but no more than 50 stockholders.
Correct Answer:
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Q2: There are no limits on the owner's
Q3: Partners must contribute capital or assets to
Q4: Incorporation will not protect a firm's owners
Q5: The management team of a small business
Q6: An ownership interest does not confer a
Q8: A highly competent management team can rescue
Q9: A partnership reports the income it earns
Q10: Sole proprietors often benefit from fringe benefits
Q11: A management team is often stronger than
Q12: The liability of owners is greater with
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