Business, 13.12.2019 23:31 marineroadrian21
Although it is a small company, zorn enterprises owns a large number of inexpensive rental housing units in texas and louisiana. currently, the company is a chartered c corporation, but the owners are interested in switching to be an s corporation. after consulting a lawyer, they learned that zorn enterprises does not qualify to be designated as an s corporation. which of the following characteristics of zorn enterprises would prevent it from becoming an s corporation?
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