Which of the following statements is false concerning forms of businessorganization? a. A corporation has tax advantages over the other forms of businessorganization.b. It is easier for a corporation to raise large sums of money than it isfor a sole proprietorship or partnership.C. A sole proprietorship is an easy type of business to form.d. Owners Of sole proprietorships and partnerships have personalliability for the debts of the business while owners of corporationshave limited legal liability.

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter11: The Corporate Income Tax
Section: Chapter Questions
Problem 14MCQ
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Which of the following statements is false concerning forms of business
organization?

a. A corporation has tax advantages over the other forms of business
organization.
b. It is easier for a corporation to raise large sums of money than it is
for a sole proprietorship or partnership.
C. A sole proprietorship is an easy type of business to form.
d. Owners Of sole proprietorships and partnerships have personal
liability for the debts of the business while owners of corporations
have limited legal liability.

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