Phillip and Dwight have sold stock to eight of their friends and have enough money to expand the business and to open another store. During a shareholders' meeting, Phillip, Dwight, and the eight other shareholders unanimously agreed that it would be better to pass through the company's profits and losses like a partnership. All of the shareholders are individuals and United States citizens. The shareholders could vote to change the corporation into a(n)
A. S-corporation.
B. limited liability company.
C. alien corporation.
D. foreign corporation.
Answer: A
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