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1. Ownership of the 1,000 shares outstanding are evenly divided among 80 shareholders. The shareholders are 78 individuals, 10 of whom are married to each other, and two estates. Permitted 2. A domestic corporation elects S status on April 15. Retroactively effective 3. Articles of incorporation authorize 800 shares of voting common stock, 200 shares of nonvoting preferred, and no other shares. Not permitted 4. A domestic corporation elects S status on March 3. When is the earliest effective date

Sagot :

Batolisisidn

Answer: hello the options to your question is  missing attached below are the missing options

  • permitted
  • subsequently effective
  • permitted
  • Retroactively effective

Explanation:

1)  permitted ; because the ownership is divided into less than 100 shareholders at the time .

2) subsequently  effective ; Because April 15 is after  2.5 months of the beginning of the Financial year

3) Permitted : Because S status can issue voting and Non-voting stock

4) Retroactively effective : The earliest effective date is within 2.5 months of the Financial year

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