What is the maximum number of unrelated shareholders a C corporation can have, the maximum number of unrelated shareholders an S corporation can have, and the maximum number of partners a partnership may have?
A) 100; no limit; no limit
B) no limit; 100; 2
C) no limit; 100; no limit
D)100; 100; no limit

Question

Quizplus · Accepted Answer

According to IRS rules, a C corporation can have an unlimited number of shareholders. An S corporation, however, can have no more than 100 shareholders, all of whom must be U.S. citizens or permanent residents. For a partnership, there is no legal limit to the number of partners it can have. Therefore, the correct answer is (C) no limit; 100; no limit.

What Is the Maximum Number of Unrelated Shareholders a C