Tone Loc and 89 of his biggest fans formed an S corporation, 2hit, Inc., as the original 90 shareholders.Tone then transferred some of his stock to his grandfather, four of Tone's cousins, five of Tone's children, three of Tone's grandchildren, and two close friends.According to the S corporation shareholder limit rules, how many shareholders does 2hit, Inc., have?

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The Answer of Tone Loc and 89 of his biggest fans formed an S corporation, 2hit, Inc., as the original 90 shareholders.Tone then transferred some of his stock to his grandfather, four of Tone's cousins, five of Tone's children, three of Tone's grandchildren, and two close friends.According to the S corporation shareholder limit rules, how many shareholders does 2hit, Inc., have?

Tone Loc and 89 of His Biggest Fans Formed an S