Bill owns 50% of the outstanding shares of stock of S corporation.
a. Bill may revoke the corporation's S status.
b. Bill may not revoke the S status of the corporation.
c. Bill may sell all of his shares to a third party thus causing the deemed dissolution of the S corporation and the deemed creation of a successor C corporation.
d. Bill may sell all or any of his shares to Igor, a citizen of Transylvania residing in Stateboro,GA, thus causing the corporation to lose its S status.