Randy is starting a new business. He is concerned about legal liability. He would like to have flow-through taxation. At some point, he would like to be able to easily sell interests in the business, but he does not expect to have more than 20 investors. Randy does not want to pay self-employment taxes on all income. Which of the following entities would best suit Randys needs?

Group of answer choices

a. A Proprietorship.

b. An S corporation.

c. A C corporation.

d. A Partnership.