Global Crafts specializes in importing hand$-$made arts and crafts from around the world. The company has about $$4$ million worth of stock outstanding. To avoid double taxation, it is structured so that its individual shareholders pay taxes on all of the company$$s income. The shareholders report the flow$-$through of income and losses on their personal tax ret

S corporation.

limited liability company $($LLC$).$

general partnership.

C corporation.