Jeff is forming a company.If he chooses a(n)________ form of ownership,he can have no more than 75 stockholders and must have only one class of stock.
A)partnership
B)corporation
C)S-corporation
D)master limited partnership

Question

Quizplus · Accepted Answer

Since Jeff wants to limit the number of stockholders to 75 and have only one class of stock, the S-corporation form of ownership is the best choice. This type of ownership offers tax advantages similar to a partnership, while still providing the limited liability protection of a corporation.

Jeff Is Forming a Company