S corporations termination

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The termination of the S corporations may be voluntary and involuntary.


Voluntary by revocation

More than one-half of shares must consent to revocation.


Involuntary terminated 

An election of an S corporation shall be terminated whenever such corporation ceases to be a small business corporation.


More about the termination of S corporations


Currently, I am an MBA student at EIU. This blog will follow my studies in Corporate taxation

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