1) You run and wholly own an S Corporation. You use the corporate bank account to pay your personal bills because you don't like to have two bank accounts. Your corporation gets sued and now owes $2 million dollars. The corporation's bank account and assets are only worth $200,000.

	a.	Your personal assets are at risk as you intermingled your personal and corporation assets
	b.	When you wholly own a corporation, your personal assets are always at risk.
	c.	None of these
	d.	Your personal assets are safe as it is a corporation

2)An S Corporation cannot have:

	a.	More than one class of stock
	b.	Foreign shareholders
	c.	More than 100 shareholders
	d.	All of these

3)