S Corps are limited to 100 shareholders. Any more shareholders and a company must form a C Corporation. In order to become an S Corp, the corporation must file for it. Should all corporations be able to become S Corp’s regardless of size? Why or why not?

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What Is an S Corporation S Subchapter An S corporation also known as an S subchapter refers to a type of corporation that meets specific Internal Revenue Code requirements If it does it may pass incom... View the full answer