Which of the following is a requirement to be an S corporation?
A)Be a domestic or foreign corporation
B)Have only one class of stock
C)Have fewer than 75 shareholders
D)Have at least one corporate shareholder
E)None of the choices are correct.

Question

Quizplus · Accepted Answer

S corporations must have only one class of stock, allowing for differences only in voting rights. This ensures that all shareholders are treated equally in terms of economic rights.

Which of the Following Is a Requirement to Be an S