Which of the following criteria must be satisfied for a corporation to be treated as an S corporation?

Question

Quizplus · Accepted Answer

To be treated as an S corporation, the corporation must meet several criteria, including having no more than 100 shareholders and having only one class of stock. Additionally, the corporation's shareholders must be individuals (including estates and certain trusts) who are citizens or residents of the United States. Shareholders who are nonresident aliens, corporations, or partnerships cannot own stock in an S corporation.

Which of the Following Criteria Must Be Satisfied for a Corporation