Miracle Mobile Devices, Inc, is a private, for-profit corporation that (1) was formed for the purpose of manufactur¬ing and distributing a newly pat¬ented tablet, (2) is owned by five share¬holders, (3) is subject to double taxation, and (4) has made no public offering of its shares. Miracle is

a. an S corporation.
b. aclose corporation.
c. a nonprofit corporation.
d. a professional corporation.


B

Business

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