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Business, 30.07.2021 01:10 lukeakalucas
Although it is a small company, Zorn Enterprises owns a large number of inexpensive rental housing units in Texas and Louisiana. Currently, the company is a chartered C corporation, but the owners are interested in switching to be an S corporation. After consulting a lawyer, they learned that Zorn Enterprises does not qualify to be designated as an S corporation. Which characteristic of Zorn Enterprises would prevent it from becoming an S corporation
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