Zack manages, and is the primary stylist at, Snyder Cuts, a single, solitary, unaffiliated barbershop located in California, downstairs from Zack's apartment. Snyder Cuts is incorporated in California and Zack is one of 4 shareholders. The other shareholders are his neighbor, Clark, his childhood pen pal Bruce, a US citizen living in England, as well as the Estate of Duane Snyder, a lifelong Californian who was the shop's founder and namesake. Zack earns $60,000 per year as manager and stylist. Clark is a newspaper reporter and earns $55,000. Duane Snyder's estate is worth approximately $65,000. Their income/net worth corresponds to a 15% dividend tax rate, if applicable. Bruce is rich, but due to both clever accounting and his residency in England, he, like his fellow Snyder Cuts shareholders, pays US personal income taxes at a rate of 22%. The barbershop is popular and usually records a sizable profit. The board of directors regularly declares and distributes dividends. Is it more advantageous for the shareholders if Snyder Cuts is an S-Corp, a C-Corp or a close corporation? Why? If Snyder Cuts issues only one class of stock, it should form as an S-Corp, so it can take advantage of pass-thru entity taxation If Snyder Cuts is an independent entity, it should form as a C-Corp, so it can take advantage of pass-thru entity taxation If Snyder Cuts issues only one class of stock, it should form as a close corp so it can take advantage of enhanced shareholder protections Snyder Cuts should form as an S-Corp so it can take advantage of the low corporate tax rate, and low dividend tax rate It does not matter which form Snyder Cuts takes, because it will still be subject to state and federal taxes