Detailed Answer
(c) Both Subchapter C corporations and Subchapter S
corporations are similar in their provisions for the limited liability
of their shareholders and also in their corporate management
structures. Answer (a) is incorrect because it does not include
the similarity of the corporate management structures. Answer
(b) is incorrect because it does not mention the similarity of the
shareholders’ limited liability. Answer (d) is incorrect for the
reason that answer (c) is correct.