Which of the following is an incorrect statement regarding Subchapter S corporations?
A) they may issue only one class of stock
B) they may be domestic or foreign but cannot be alien
C) taxation is pass-through similar to partnership taxation
D) they may not have more than 100 shareholders
Correct Answer:
Verified
Q61: What does it mean when it is
Q61: The document filed with the state that
Q64: Fred and Barney have incorporated and obtained
Q65: What is the difference between a derivative
Q67: Artisan Tools,Inc.manufactures and sells quality hand tools
Q68: Robert Hill Corp.is incorporated in the state
Q69: The corporation is considered to come into
Q70: Michelle has just passed the bar and
Q71: Under the Revised Model Business Corporation Act,
Q76: The articles of incorporation for Pedal Power
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents