Question

What is the maximum number of unrelated shareholders a C corporation can have, the maximum number of unrelated shareholders an S corporation can have, and the maximum number of partners a partnership may have?

1) 100; no limit; no limit
2) no limit; 100; 2
3) no limit; 100; no limit
4) 100; 100; no limit

Answer 1

A C corporation can have no limit on unrelated shareholders, an S corporation can have a maximum of 100 unrelated shareholders, and there is no limit to the number of partners a partnership may have.

Step-by-step explanation:

The maximum number of unrelated shareholders a C corporation can have is no limit. This means that there can be any number of unrelated shareholders in a C corporation. On the other hand, an S corporation can have a maximum of 100 unrelated shareholders. Finally, there is no limit to the number of partners a partnership may have.