Mary and Jake lived in dallas, Texas. Jake invented a completely eco(natural) friendly deodorant in his garage. jake and mary formed a company named "Hazel" in 2016. They held the company 50/50. They both were active in its management. They were able to secure financing for the company and signed personal guaranties for the loan, which had a term of 15 years. In 2019, mary and joseph got divorced and mary decided to sell her half of the company. Jake or the company could not afford to buy her out so mary decided to sell to one of the vendors of their company called "Olla". Olla is owned by 7 individuals. The percentage of ownership in the company is as follows: Todd has 30%, Jake has 30%, Jennifer has 20%, Paul has 5%, Mike has 5%, lucas has 5% and riley has 5%. Mary financed part of the deal and the Olla group borrowed money from a lender for the rest of the price.

if Hazel is an S corporation can Hazel (LLC) be a shareholder, if not how would you advise the owners of Olla to hold their shares? please provide proof