Which corporation is eligible to make the S election? A- Foreign corporation. B- A one-shareholder corporation....

Which corporation is eligible to make the S election?

A- Foreign corporation.

B- A one-shareholder corporation.

C- An insurance company

D- A US. bank

E- None of the above can select S status.

Expert Solution

Answer:

Limited Liability Company (LLC) is eligible to make the S election.

So the correct answer is E. None of the above.

ekkarill92 answered 2 years ago

why is the election for s corporation status attractive?

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