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Unformatted text preview: Corporations, 2011). The corporation is also required to make salary payments even if the corporation still has not began making money. In addition, the S corporation can only have 100 shareholders at any given time. “The term “members of the family” can extend to “former spouses” of shareholders (Willis, Hoffman, Maloney, & Raabe, 2010). Reference: The Pros and Cons of S Corporations . (2011, 06 30). Retrieved 07 28, 2011, from All Business: http://www.allbusiness.com/business-planning/business-structures-corporations/2516-1.html Willis, E., Hoffman, J. W., Maloney, D. M., & Raabe, W. A. (2010). South-Western Federal Taxation Comprehensive Volume 33rd Ed. Mason, OH: South-Western Cengage Learning....
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This note was uploaded on 08/06/2011 for the course ACCT 402 taught by Professor Wright during the Summer '11 term at Lee.
- Summer '11