What is an S Corporation? ANSWER Unselected A corporation whose stock is widely held and available for sale to the general public Unselected A corporation whose stock is held by only a few people and it not available for sale to the general public Unselected A hybrid of a publicly held corporation and a partnership in which owners are taxed as partners but enjoy the benefits of limited liability Unselected A hybrid of a closely held corporation and a partnership that is organized and operated like a corporation but treated as a partnership for tax purposes