Western Corporation began operations in 1989.Its fiscal year end is October 31.This date coincides with its natural business year.On June 2,2013,Western elects S corporation status.All of the corporate shareholders consented to the election.The earliest date the corporation is recognized as an S corporation is

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An S corporation election made after the start of the fiscal year but before the 15th day of the third month of the following fiscal year is effective at the start of the next fiscal year. Since the election was made on June 2, 2013, it becomes effective on November 1, 2013, the start of the next fiscal year.

Western Corporation Began Operations in 1989