Question

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

Explanation:

S corporations have specific limits: they can have no more than 100 shareholders, and shareholders must generally be U.S. citizens/residents or certain trusts/estates (excluding corporations or partnerships). Option a is wrong because shareholders are limited; option b is wrong because S corps file tax returns (Form 1120S); option c is wrong because S corps provide liability shields for shareholders. Thus, d is correct.

Answer:

d. Shareholder number/type restrictions