In order to elect S corporation status, a corporation must satisfy the following requirements:
* The corporation must be a domestic corporation that is organized under the laws of any state of U.S. territory.
* Maintain only one class of stock.
* Maintain a maximum of 100 shareholders.
* Shareholders may only be individuals, estates or certain qualified trusts.
* All shareholders must either be U.S. citizens or residents of the U.S.
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Eligibility to elect S corporation status
Category : S Corporaiton Election
Posted On : 29th Aug 2009
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Brenda McCabe
9th Apr 2010
I have obtained a cigar license in Maryland through my business, House of Time, Inc. I was not sent any type of license to display. The companies I buy cigars from are asking me for a copy of my license. I do not have one. My license number is: 10751. This number I was given over the phone. Where can I get proof of my license to send to these companies? Please reply through my email. Thank you, Brenda McCabe
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