Question

Which of the following is needed in order for a business to qualify as an S corporation?

A. No more than 100 shareholders

B. Only individuals, trusts, and in some circumstances corporations as shareholders

C. At least $10,000 in capital

D. No more than 100 shareholders; only individuals, trusts, and in some circumstances corporations as shareholders, and at least $10,000 in capital

E. No more than 100 shareholders and only individuals, trusts, and in some circumstances corporations as shareholders; but there is no requirement of at least $10,000 in capital

Answer

This answer is hidden. It contains 350 characters.