DVD Rental Corporation would like to change its corporate status to that of an S corporation to avoid in?come taxes at the corporate level.To qualify,DVD Rental Corporation must

Question

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To qualify as an S corporation, the company must be a domestic corporation, meaning it must be located in the United States. Additionally, it must have no more than 100 shareholders, be a for-profit corporation, and have only one class of stock.

DVD Rental Corporation Would Like to Change Its Corporate Status