Which of the following is necessary in order for a business to qualify as an S corporation?

Multiple Choice

• At least $10,000 in capital
• Only individuals, trusts, and (in certain circumstances) corporations as shareholders
• No more than 100 shareholders
• No more than 100 shareholders; only individuals, trusts, and (in certain circumstances) corporations as shareholders; and at least $10,000 in capital
• No more than 100 shareholders and only individuals, trusts, and (in certain circumstances) corporations as shareholders; however, there is no requirement of at least $10,000 in capital