« previous next »

Author Question: Briefly discuss the the major restrictions placed on an S ... (Read 53 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?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Relationships among major invertebrate lineages Relationships among major invertebrate lineages
Major Hydrosphere Reservoirs Major Hydrosphere Reservoirs
Major components and functions of the nervous system. Major components and functions of the nervous system.
Functional brain imaging is the major method of cognitive neuroscience. This image—taken from the ... Functional brain imaging is the major method of cognitive neuroscience. This image—taken from the ...
Major muscles of the face and head. Major muscles of the face and head.
Interdependence of the Major Organs in Vertebrate Fuel Metabolism Interdependence of the Major Organs in Vertebrate Fuel Metabolism
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library