Four unrelated individuals acquire assets on behalf of Jump Corporation on May 21, 2014, purchased assets on June 5, 2014, and begin doing business on June 15, 2014. They subscribe to shares of stock, file articles of incorporation for Jump, and become shareholders on July 23, 2014. The S election must be filed no later than 2 1/2 months after:
A) May 21, 2014.
B) June 5, 2014.
C) June 15, 2014.
D) July 23, 2014.
E) December 31, 2014.
Correct Answer:
Verified
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