Question $7$

$1$ Point

"When comparing a LLC to a S$-$Corporation, which of the following statements IS NOT true?"

$($A$)$

A S$-$Corporation is limited to $100$ shareholders but a LLC may have more than $100$ members

A S$-$Corporation is generally taxed as a corporation but a LLC is generally taxed as a partnership

"A LLC can have multiple classifications of equity, but a S$-$Corporation can only have one class of stock"

'A non$-$resident alien cannot be a shareholder of a S$-$Corporation, but he or she can be a member of a LLC$"$

Ouestion $8$