To become an S Corporation, the corporation's shareholders must
A) file an election with the secretary of state or other appropriate state official.
B) designate the corporation as an S Corpora- tion in the articles of incorporation.
C) publish notice of S Corporation status.
D) file an election to be treated as an S Corpo- ration, approved by all shareholders, with the IRS.
Correct Answer:
Verified
Q1: Failure to hold regular shareholders' and directors'
Q2: Statutory close corporations typically
A) have more than
Q3: All corporations must have their tax year
Q4: In smaller statutory close corporations, the corporation
Q6: A_ corporation is a corporation that owns
Q7: To be eligible for S Corporation status,
Q8: Corporations do not generally offer sharehold- ers
Q9: When a court disregards the corporate entity
Q10: To be considered tax-exempt for federal income
Q11: It is generally considered illegal to place
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