« previous next »

Author Question: Briefly discuss the the major restrictions placed on an S ... (Read 19 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jun 24, 2018
Briefly discuss the the major restrictions placed on an S corporation.

Question 2

_________ quotas are imposed on a particular product regardless of origin, while ________ quotas spread the total limit across several specific countries.
 A) Absolute; qualified
 B) Global; specified
 C) Absolute; allocated
 D) Global; allocated


sarajane1989

  • Sr. Member
  • ****
  • Posts: 296
Reply #1 on: Jun 24, 2018
Answer to Question 1

An S Corporation faces some major restrictions. they are:
There can be only one class of stock.
There can be no more than 100 shareholders.
Shareholders must be individuals, estates, charities, pension funds, or trusts, not partnerships or corporations.
Shareholders must be citizens or residents of the United States, not nonresident aliens.
All shareholders must agree that the company should be an S corporation.


Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Anajune7

  • Hero Member
  • *****
  • Posts: 574
Reply #2 on: Jun 24, 2018
Thank you :)


sarajane1989

  • Sr. Member
  • ****
  • Posts: 296
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

The major classes of vertebrates The major classes of vertebrates
Major Arteries Major Arteries
The Coronary Arteries and Major Veins of the Heart (Anterior and Inferior Views) The Coronary Arteries and Major Veins of the Heart (Anterior and Inferior Views)
Teres major Teres major
Attributes of Major Energy Channels According to Traditional Chinese Medicine Attributes of Major Energy Channels According to Traditional Chinese Medicine
Reactions in assimilation of ammonia and major fates of the fixed nitrogen Reactions in assimilation of ammonia and major fates of the fixed nitrogen
Video: Febrile Seizure

For a complete list of videos, visit our video library