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Which of the following statements about business organizations is CORRECT?a.It is generally easier to transfer one's ownership interest in a partnership than in a corporation.b.A significant risk in starting a proprietorship is that you may be exposed to personal liability if the business goes bankrupt. This problem would be avoided if you formed a corporation to operate the business.c.If a corporation elects to be taxed as a P corporation, then both it and its stockholders can avoid all federal taxes. This provision was put into the Federal Tax Code in order to encourage the formation of small businesses.d.It's unlikely for a firm to be organized as a corporation when it requires a lot of capital.e.Tax advantages of incorporation offset the corporate shareholders' exposure to unlimited liability.

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