To qualify as an S corporation, a company must:
A) have no more than 50 shareholders.
B) have shareholders who are individuals or estates and qualify as permanent residents of the U.S.
C) have a different class of stock for each owner.
D) have not more than 5 percent of income derived from passive sources.

Question

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The Answer of To qualify as an S corporation, a company must:
A) have no more than 50 shareholders.
B) have shareholders who are individuals or estates and qualify as permanent residents of the U.S.
C) have a different class of stock for each owner.
D) have not more than 5 percent of income derived from passive sources.

To Qualify as an S Corporation, a Company Must