Which of the following is an incorrect statement regarding Subchapter S corporations?
A) Subchapter S corporations may issue only one class of stock.
B) Subchapter S corporations may be domestic or foreign, but they cannot be alien.
C) Taxation in Subchapter S corporations is pass-through, like partnership taxation.
D) Subchapter S corporations may not have more than 100 shareholders.
Correct Answer:
Verified
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