Small business corporation

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The term “small business corporation” means a domestic corporation which

·         Is not an ineligible corporation,

·         does not have more than 100 shareholders, 

·         does not have as a shareholder a person (other than an estate, a trust described in subsection 

who is not an individual, or

have a nonresident alien as a shareholder, 

·         does not have more than 1 class of stock.

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

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