S-Corp
To qualify for S-Corporation status, the corporation must meet the following requirements
-Be a domestic corporation
-Have only allowable shareholders May be individuals, certain trusts, and estates and
-May not be partnerships, corporations or non-resident alien shareholders
-Have no more than 100 shareholders
-Have only one class of stock Not be an ineligible corporation (i.e. certain financial institutions, insurance companies, and domestic international sales corporations).
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