Bobby T (75percent owner)would like to terminate the S corporation status of DJ, Incorporated, but Dallas (5percent owner)does not want to terminate S corporation status. Bobby T can terminatethe Scorporation status for DJ, Incorporated, without Dallas's consent.

Question

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As a 75% owner, Bobby T has the majority control and can make decisions regarding the termination of S corporation status without the consent of the minority owner, Dallas.

Bobby T (75percent Owner)would Like to Terminate the S Corporation