PERGUNTA $($i$)$

RESPOSTA

Chaplain and Brooker Inc. is a corporate law office that

wishes to establish itself as an S corporation. The

company has approximately $125$ shareholders, all of

whom are U$.$S$.$ citizens. The company issues only one

class of stock and distributes all profits and losses to the

shareholders, who have limited liability.

Which of the following is true about Chaplain and

Brooker?

It cannot become an $S$ corporation

because the liability of shareholders in

an $S$ corporation is unlimited.

It already is an $S$ corporation.

AINDA N$$OSEI