Indicate by a C if the characteristic applies to a regular corporation, an S if it applies to an S corporation, and a P if it applies to a partnership. A characteristic can apply to more than one entity; write a brief explanation if a characteristic may only apply under certain conditions.
-Formation of the entity is generally a tax-free event.
A)applies to a regular corporation(C)
B)applies to an S corporation(S)
C)applies to a partnership(P)

Question

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if 80 percent stock ownership requirement met

Indicate by a C If the Characteristic Applies to a Regular