<P> A corporation is "eligible" if it: </P> <Ul> <Li> Has no more than 75 shareholders, </Li> <Li> Has shareholders who are all individuals (exceptions are made for various tax exempt organizations, estates, and trusts) </Li> <Li> Has no nonresident aliens as shareholders, and </Li> <Li> Has only one class of stock . </Li> </Ul> <Li> Has no more than 75 shareholders, </Li> <Li> Has shareholders who are all individuals (exceptions are made for various tax exempt organizations, estates, and trusts) </Li>

Maximum number of shareholders in an s corp