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1 Cards in this Set
- Front
- Back
S CORP COMPLIANCE RULES
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-MUST BE INCORPORATED IN US AND HAVE ONLY ONE CLASS OF STOCK.
-NUMBER OF SHAREHOLDERS IS LIMITED TO 75. -SHAREHOLDERS CAN BE INDIVIDUALS, ESTATES, QUALIFIED TRUSTS, AND SIMILAR ENTITIES. -NONRESIDENT ALIENS CANNOT OWN SHARES -THE CORP CANNOT HAVE EXCESSIVE AMOUNTS OF PASSIVE INCOME. |