Detailed Answer
(a) A Subchapter S corporation is often formed to help
avoid the double taxation that a Subchapter C corporation may
face. Answer (b) is incorrect because partners in a general partnership
have unlimited personal liability. Shareholders of a corporation
have limited liability with few exceptions. Answer (c) is
incorrect because a Subchapter C corporation is any corporation
that is not a Subchapter S corporation. Answer (d) is incorrect
because both Subchapter C and Subchapter S corporations provide
their shareholders with limited liability with few exceptions.