Hudson and Ilka want to market a new line of kayaks and related gear under the brand name Journeys as a corporation-Journeys Inc.To avoid income taxes at the corporate level,they should form

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An S corporation is a type of corporation that allows income to pass through to shareholders without being taxed at the corporate level. This would allow Hudson and Ilka to avoid income taxes at the corporate level and only pay taxes on their personal income from the corporation. A close corporation is a type of corporation with a small number of shareholders and is not relevant to taxation. An alien corporation is a corporation formed in a country outside of the United States and is not applicable in this scenario. A private corporation is also not a valid designation for tax purposes.

Hudson and Ilka Want to Market a New Line of Kayaks