Which of the following is not a requirement of an S-corporation?
A)maximum of 100 stockholders
B)each stockholder must be a U.S.citizen or resident
C)revenues must be less than $1 million annually
D)all stockholders must concur with the decision to form the S-corporation

Question

Quizplus · Accepted Answer

The requirement that revenues must be less than $1 million annually is not a requirement for an S-corporation. S-corporations have restrictions on the number of stockholders, the residency status of stockholders, and unanimous consent for election, but not on revenue.

Which of the Following Is Not a Requirement of an S-Corporation