Financial Greatness Advisers LP is a limited partnership organized in New York. Financial Greatness Advisers LP has two owners: (i) Victoria David, a U.S. resident of New York, the limited partner, and (ii) Financial Greatness Holdings LLC, a limited liability company organized in New York, the general partner, which is owned 100% by Victoria David. Financial Greatness Holdings LLC has not made an entity classification election under the "check-the-box" regulations and relies on its default entity classification status.

Which of the following is true about Financial Greatness Advisers LP?

a) It is a U.S. corporation because it organized in New York.

b) It is a U.S. partnership because it has two owners.

c) It is a disregarded entity because it is deemed for U.S. tax purposes to have one owner only.

d) It is a U.S. trust because it is only established to preserve Victoria's wealth.