Kahoni Incorporated does not face the problem of double taxa…
Kahoni Incorporated does not face the problem of double taxation as the Internal Revenue Service (IRS) does not tax the earnings of the company separately. Instead, taxes are only levied on the personal income of the stockholders. A limitation, however, is that the company is only allowed to have a maximum number of 100 stockholders at a time. Given this information, Kahoni Incorporated is a(n) _____.