Winston tells Lenita that he prefers to form an S corporation because he does not want to attach "LLC" to the name of the company.Lenita responds that the option of an S corporation is not available for their situation.Is she correct?
A) No,because only one owner need be a U.S.citizenship for purposes of forming an S corporation.
B) No,because the owners of an S corporation are not required to be U.S.citizens.
C) Yes,because all the owners are not U.S.citizens and they do not have the appropriate number of shareholders for an S corporation.
D) Yes,because all the owners are not U.S.citizens.
E) Yes,because they do not have the appropriate number of shareholders for an S corporation.
Correct Answer:
Verified
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