Harry and Ilene Want to Market a New Line of Kayaks

Question 51
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.