Final answer:
The correct answer is d) "C" corporation. A "C" corporation offers liability protection to all owners and is exempt from taxation on its profits. It is seen as its own separate legal entity, providing limited liability to individual owners.
Step-by-step explanation:
The correct answer is d) "C" corporation. A "C" corporation is a type of business entity that offers liability protection to all owners and is exempt from taxation on its profits. It is seen as its own separate legal entity, providing limited liability to individual owners. This means that the owners' personal assets are protected from the company's debts and obligations. Additionally, a "C" corporation has the advantage of being able to raise capital by issuing stock to shareholders.