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a group of friends decide to create an S corporation. Which of the following features will be granted to the shareholders by making this election?
a group of friends decide to create an S corporation. Which of the following features will be granted to the shareholders by making this election? (Check all that apply.)
A. Shareholders will elect to be general partners or limited partners.
B. Taxes will flow through shareholders like a partnership.
C. Shareholders will have limited liability.
D. The business will be taxed.
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