Grace and Nancy are starting a new business. They are concerned about liability. They would like to have flow-through taxation. They will own the company 50/50 but want to allocate the profits 60/40. Which of the following entities would best suit their needs? 

a. An LLC.

b. An S Corporation.

c. A C Corporation.

d. A Partnership.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The best entity for Grace and Nancys ne... View the full answer