Question: Please answer the following question part a, b, c,d and e Requirements. May the following corporations elect Subchapter S? If DISCUSSION QUESTIONS MI: Eligibility Requiremente
Please answer the following question part a, b, c,d and e
Requirements. May the following corporations elect Subchapter S? If DISCUSSION QUESTIONS MI: Eligibility Requiremente not, explain why. orporation is 100% owned by another corporation. corporation has 101 shareholders, including Mr. and Mrs. V and Mr. and Mrs. Z A family corporation is owned by a father and his three children. Since the children are under age 18, their shares are held in a trust. d. A corporation has 1,000 shares of common stock outstanding and 500 shares of authorized but unissued preferred stock. e. A corporation has 70 unrelated shareholders and 35 shareholders who are all descendants of Mr. and Mrs. A
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