The S Corporation Is Likely To Be Less Popular In The Future Because:

(Correct Answer Below)

The S Corporation Is Likely To Be Less Popular In The Future Because:

Select one: a. Congress repealed the limited liability protection of S corporations and limited them to companies with earnings of less than $3 million per year b. Limited liability companies, which do not have the restrictive eligibility requirements of S corporations c. Many states significantly increased the annual fee that S corporations must pay to maintain their tax status, thus eliminating the financial advantages of this form of ownership d. S corporations have been made illegal in several states as a reaction to widespread abuse of the special benefits available to this type of business
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b. Limited liability companies, which do not have the restrictive eligibility requirements of S corporations
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