Which one of the following is not a requirement to make an S corporation election?

Which one of the following is not a requirement to make an S corporation election?


A. The corporation must have no trusts as shareholders.

B. Shareholder consent must be unanimous.

C. Only one class of stock can be outstanding.

D. The entity must be a domestic entity that elects corporation treatment under the check-the-box regulations.


Answer: A. The corporation must have no trusts as shareholders.


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