To qualify for Subchapter S treatment under the Internal Revenue Code, a domestic corporation must have .

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To qualify for Subchapter S treatment, a domestic corporation must have only one class of stock outstanding. This means that all of the corporation's stock must have identical rights to receive dividends and liquidation proceeds. Additionally, Subchapter S corporations are limited to a maximum of 100 shareholders who must all be U.S. citizens or residents, estates or certain trusts, and cannot have more than one class of stock.

To Qualify for Subchapter S Treatment Under the Internal Revenue