Miracle Mobile Devices,Inc.,is a private,for-profit corporation that (1)was formed for the purpose of manufacturing and distributing a newly patented tablet,(2)is owned by five shareholders,(3)is subject to double taxation,and (4)has made no public offering of its shares.Miracle is

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Miracle Mobile Devices, Inc. is characterized as a close corporation because it is privately held by a small number of shareholders, who likely have a close relationship and control over the company's management and operations. Additionally, the fact that it has not made a public offering of its shares also supports this classification. The other choices - A) an S corporation, C) a nonprofit corporation, and D) a professional corporation - do not fit with the description of Miracle Mobile Devices, Inc.