Question: Which statement is incorrect with respect to an S shareholder's consent? Question 3 2 options: Both spouses must consent if one owns the stock as

Which statement is incorrect with respect to an S shareholder's consent?
Question 32 options:
Both spouses must consent if one owns the stock as community property.
An S election requires a consent from all of the S corporation's shareholders.
A consent must be in writing.
All of these statements are correct.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!