Any corporation with more than 100 shareholders is automatically considered a C corporation for federal income tax purposes.

Name: Any corporation with more than 100 shareholders is automatically considered a C corporation for federal income tax purposes.
Brand: Quizplus
Rating: 4.7 (51 reviews)

Question

Quizplus · Accepted Answer

Corporations with more than 100 shareholders cannot elect to be an S corporation and are therefore classified as C corporations by default for federal income tax purposes.

Any Corporation with More Than 100 Shareholders Is Automatically Considered