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Harry and Ilene Want to Market a New Line of Kayaks

Question 67

Multiple Choice

Harry and Ilene want to market a new line of kayaks and related gear under the brand name Journeys as a corporation-Journeys Inc. To avoid income taxes at the corporate level, they should form​


A) ​an alien corporation.
B) ​a close corporation.
C) ​an S corporation.
D) ​a private corporation.

Correct Answer:

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