Which of the following statements is true of an S-corporation?
A) An S-corporation can have more than 100 stockholders.
B) All profits of an S-corporation pass directly to the stockholders as they would pass to the partners in a partnership.
C) An S-corporation is a variation of the LLC (limited liability company) .
D) Only foreign investors can own the shares of an S-corporation.
Correct Answer:
Verified
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