How do stock ownership requirements differ for a C and S corporation? Is there a difference...

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How do stock ownership requirements differ for a C and Scorporation? Is there a difference in income reporting by theshareholders because of the difference? Explain.
Brooklyn and Bronx Corporation decides to change from a Ccorporation to an S corporation. What are the advantages of the Scorporation status compared to the C corporation? As a client ofyours, what would you advise Brooklyn and Bronx Corporation to do?Why?

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Differences in Stock ownership requirements C corporation S corporation 1 They can have unlimited no of shareholders They can have only upto one hundred share holders 2 Foreign Investors can also have a part in share holding Share holders must only be US citizens or permanent residents excluding nonresident aliens 3 It can be owned by others See Answer

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How do stock ownership requirements differ for a C and Scorporation? Is there a difference in income reporting by theshareholders because of the difference? Explain.Brooklyn and Bronx Corporation decides to change from a Ccorporation to an S corporation. What are the advantages of the Scorporation status compared to the C corporation? As a client ofyours, what would you advise Brooklyn and Bronx Corporation to do?Why?