please answer the following:

Gladys has formed a corporation that owns and manages three large residential apartment buildings. All of the corporation's profits are derived from the rental income generated by these apartment buildings. The corporation has no other assets, and it will not acquire any new assets in the future. Gladys has decided to keep 40% of the shares in this corporation for herself. She has decided to sell the remaining 60% of the shares to investors. (a) By choosing to form a corporation, what advantage does Gladys have over a competitor who has formed a limited liability company (LLC) instead of a corporation? (b) After three years, Gladys was able to sell the remaining 60% of shares to seven of her friends. What additional requirement must be true about this corporation in order for it to have pass- through taxation during the third year? (c) By the tenth year, there are 150 shareholders in this corporation. Gladys still owns 40% of the shares in this corporation, but no other shareholder at that time owns more than 2% of its shares. What additional requirement must be true about this corporation in order for it to have pass-through taxation during the tenth year? Gladys has formed a corporation that owns and manages three large residential apartment buildings. All of the corporation's profits are derived from the rental income generated by these apartment buildings. The corporation has no other assets, and it will not acquire any new assets in the future. Gladys has decided to keep 40% of the shares in this corporation for herself. She has decided to sell the remaining 60% of the shares to investors. (a) By choosing to form a corporation, what advantage does Gladys have over a competitor who has formed a limited liability company (LLC) instead of a corporation? (b) After three years, Gladys was able to sell the remaining 60% of shares to seven of her friends. What additional requirement must be true about this corporation in order for it to have pass- through taxation during the third year? (c) By the tenth year, there are 150 shareholders in this corporation. Gladys still owns 40% of the shares in this corporation, but no other shareholder at that time owns more than 2% of its shares. What additional requirement must be true about this corporation in order for it to have pass-through taxation during the tenth year