PART 1: A corporation is formed and the shareholders want to elect S status. In the following situations what is the due date for the election to be effective for the first tax year? 4 points

Date of formation	Election due date
February 3, 2018
December 17, 2017

PART 2: A corporation is formed September 10, 2018. At that date Alex, Barb, and Carla each owned 100 shares. On October 11, 2018 Alex sells his 100 shares to Dan. On November 15, 2018 the shareholders decide to file a Form 2553 to elect S status. Who must sign the election? 4 points

Shareholder	Must this shareholder sign?
Alex
Barb
Carla
Dan

PART 3: Refer to PART 2. Each of the four shareholders lives in Texas, and each is married. Would this added fact change your advice to the shareholders with respect to the mechanics of making the election? If so, WHY? 4 points.