Which of the following is a requirement to be an S corporation?
A) be a domestic or foreign corporation.
B) have only one class of stock.
C) have fewer than 75 shareholders.
D)have at least one corporate shareholder.
E)None of these

Question

Quizplus · Accepted Answer

An S corporation must have only one class of stock, and it must be a domestic corporation. The limit on the number of shareholders is 100, not 75, and corporate shareholders are not allowed.

Which of the Following Is a Requirement to Be an S