Question

an s corporation limit:
select one:
a. no tax returns
b. shareholder number/type restrictions
c. unlimited shareholders
d. no liability shield

Explanation:

S corporations have specific eligibility rules, including limits on the number of shareholders (typically up to 100) and restrictions on shareholder types (e.g., only individuals, estates, and certain trusts qualify). Option a is incorrect because S corps file tax returns; option c is wrong as shareholders are limited; option d is false because S corps provide liability protection like C corps. Thus, the key limit is on shareholder number/type.

Answer:

b. Shareholder number/type restrictions