Question $17(1$ point$)$

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In which of these is there "double taxation"

S corporation

Partnership

Limited Liability Corporations

Corporation

Question $18(1$ point$)$

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To prevent a majority shareholder from dominating the management and operation of a close corporation, the firm should

$$ require more than $$ majority of directors approve any board action.

restrict the transferability of share to outside persons.

reorganize into a sole proprietorship or partnership.

$$ hold special shareholders' or directors' meetings on an annual basis

Question $19(1$ point$)$

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All of a certain corporation's small number of shareholders agree that the firm can operate without directors, bylaws, shareholder meetings, stock certificates, and formal records of shareholders' decisions. This firm is most likely

$$ a close corporation.

a corporation by estoppel.

a de facto corporation.

a de jure corporation.

Question $20(1$ point$)$

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DeFoe starts Wind Systems to make and sell turbines. Later, DeFoe contracts with