Briefly discuss the the major restrictions placed on an "S" corporation
An "S" Corporation faces some major restrictions. they are:
There can be only one class of stock.
There can be no more than 100 shareholders.
Shareholders must be individuals, estates, charities, pension funds, or trusts, not partnerships or corporations.
Shareholders must be citizens or residents of the United States, not nonresident aliens.
All shareholders must agree that the company should be an S corporation.
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A mission statement ________
a. explains where the company wants to go b. describes why the company exists c. outlines the company's future purpose d. motivates, excites, and inspires everyone
A(n) _____ is a unique name by which the data source will be known to ODBC, and therefore, to applications
Fill in the blank(s) with correct word