lauren, kathryn and emily close their medical business, pool their assets and open a surf shop. the state where they reside assesses corporations at an 8% tax rate and 12% on individuals, regardless of income. the sole requirement the girls are considering is finding the most tax advantageous business entity. for the foreseeable future the girls are not going to take dividends from the profits but reinvest profits back into the business. the wisest business entity would be