Johnella and Brown are going to establish a business entity. They expect the business to be very successful in the long-run but project Losses of approximately $100,000 for each of the first five (5) years. Due to potential environmental concerns, Limited Liability is a requirement for the owners as well as the ability to deduct the Losses of the entity on their personal Federal Income Tax Return. To completely achieve these objectives, a Regular (C) Corporation should be selected. O False True