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  • How can S Corporations be involuntarily terminated?

    An S corporation can be involuntarily or voluntarily terminated. There are a handful of reasons for why an S Corporation can bet determined involuntarily:

  • How long until a corporation can re-elect S Corp status if terminated?

    If an S Corp has their S Corp status terminated, the corporation must wait five years before they can re-elect S corporation status. During that five-year period, the corporation would operate as a C-corp.