Daniel,his parents,and three brothers own all the stock of their family farm corporation and each person takes an active role in managing the enterprise.This corporation,which is taxed as a corporation,is most likely

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A close corporation is a type of corporation where the majority of the shares are held by a small group of people, often family members, who are actively involved in the management of the business. This closely resembles the situation described in the question, where Daniel, his parents, and three brothers own all the stock and all take an active role in managing the family farm corporation. Therefore, the most likely type of corporation in this scenario is a close corporation.

Daniel,his Parents,and Three Brothers Own All the Stock of Their