To be eligible to be an S corporation, a firm must

Name: To be eligible to be an S corporation, a firm must
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To be eligible to be an S corporation, the firm must be domestic. The other options are incorrect. The number of stockholders in an S corporation is limited and cannot exceed 100, and there can be only one class of stock outstanding. S corporations are only allowed to have one class of stock. S corporations are also limited to U.S. citizens and permanent residents as shareholders.

To Be Eligible to Be an S Corporation, a Firm