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1)Please research the IRS and provide information on a closely held corporation, a personal holding company, and a personal service corporation

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1)Please research the IRS and provide information on a closely held corporation, a personal holding company, and a personal service corporation.  Please provide an example of a type of business that would be suitable for each of business organizations noted above (provide a different example for each type).

2)Please look at the IRS to research S Corporations.  Please describe the advantages and disadvantages of S Corporations and give an example of a type of business suitable to this type of business organization.  May corporations be formed as S Corporations?  Please explain and include information of "S Corporation Election" in your post.