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pasker pasker
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7 years ago
Wheelz Enterprises, a car manufacturer, is a closely held corporation. Profits are taxed to the owners as ordinary income but not to the corporation as a unit. The owners have mutually agreed that their total number will never exceed 35 and that none of the shareholders can be a non-resident alien. In this scenario, Wheelz is an example of a(n) ________ corporation.
A) professional
B) Subchapter S
C) eleemosynary
D) Subchapter C
Textbook 
The Legal Environment of Business

The Legal Environment of Business


Edition: 7th
Authors:
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The Legal Environment of Business, 7th Edition
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greenishgreenish
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7 years ago
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pasker Author
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#2
7 years ago
Thanks for the help
The Legal Environment of Business, 7th Edition
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#3
2 years ago
thank you
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