removal inc. is a calendar year-end s corporation. on july 1 of the current year, wayne, a removal shareholder, sells his shares to the kastle corporation. removal's s election is terminated on:

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21-11-2022
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removal inc. is a calendar year-end s corporation. on july 1 of the current year, wayne, a removal shareholder, sells his shares to the kastle corporation. removal's s election is terminated on:

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-11-25T16:43:20+01:00

Removal Inc. is a calendar year-end S corporation. On July 1 of the current year, Wayne, a Removal shareholder, sells his shares to the Kastle Corporation. Removals S election is terminated on: July 1 of the current year

What is a shareholder?

Generally, A individual or organization that has made a financial investment in a company in return for a "share" of the ownership of that business is referred to as a shareholder.

This ownership is shown by the shareholder's possession of either common or preferred shares, which were issued by the corporation and are now owned by the shareholder.

A person, corporation or institution who holds at least one share of a firm's stock or in a mutual fund is considered to be a shareholder in that company or fund.

Shareholders are effectively the owners of the corporation, which grants them certain rights in addition to certain obligations. They are able to participate in the profits generated by the company thanks to this kind of ownership.