Your friend Nathaniel owns a considerable amount of common s…

Your friend Nathaniel owns a considerable amount of common stock in Microsoft, a computer software company. He wants to cast his votes on various issues at the annual stockholders’ meeting in Seattle, but he does not have the time to travel a great distance to the meeting. Instead of attending the meeting, Nathaniel decides to register his votes by

Hector is considering expanding his business and has several…

Hector is considering expanding his business and has several potential new investors in mind. He originally wanted to form an S-corporation to protect the liability of the investors, but he is now considering a limited-liability company instead because he knows there can be only ____ stockholders in an S-corporation.