Which of the following statements is FALSE about S Corporations a If loses its S status, it may not operate under it again for at least 5 years b Have only one class of stock c Has the benefit of limited liability d Must have at least 100 shareholders e Can't have more than 100 shareholders

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Which of the following statements is FALSE about S Corporations? a. If loses its S status, it may not operate under it again for at

Which of the following statements is FALSE about S Corporations?

	a.	If loses its S status, it may not operate under it again for at least 5 years
	b.	Have only one class of stock
	c.	Has the benefit of limited liability
	d.	Must have at least 100 shareholders
	e.	Can't have more than 100 shareholders

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