Which form of businesssole proprietorship, partnership, S corporation, limited liability company, or regular corporationis each of the following taxpayers likely to choose? An answer may include more than one business form. a.) Edmund and Gloria are starting a new business that they expect to operate at a net loss for about five years. Both Edmund and Gloria expect to have substantial incomes during those years from other sources.

b.) Robin would like to incorporate her growing retail business for nontax reasons. Because she needs all of the net profits to meet personal obligations, Robin would like to avoid the corporate double tax on dividends.