In the Context of Legal Forms of Business, a Subchapter

In the context of legal forms of business, a Subchapter S Corporation

A) gives the owners of the firm virtually unlimited liability for its debts and liabilities.
B) treats the owners of the firm and the firm itself as the same entity.
C) allows the owners to treat the income of the firm as part of their personal incomes.
D) treats the owners of the firm as advisory members with little say in the operations of the firm.