Which of the following statements is not true regarding the liquidation of an S corporation?
A)The owners pay all taxes, debts, and creditors.
B)The owners obtain the written approval of shareholders to dissolve the company.
C)The owners file a statement of intent to dissolve with the secretary of state's office in each state where they conduct business.
D)The owners distribute all assets of the corporation to the shareholders.

Question

Quizplus · Accepted Answer

The owners do not file a statement of intent to dissolve with the secretary of state's office in each state where they conduct business. Instead, they file Articles of Dissolution with the state in which the corporation was incorporated.

Which of the Following Statements Is Not True Regarding the Liquidation