Which one of the following statements is correcta both, Ask an Expert

Finance

Which one of the following statements is correct?

A. Both partnerships and corporations incur double taxation.

B. Both sole proprietorships and partnerships are taxed in a similar fashion.

C. Partnerships are the most complicated type of business to form.

D. Both partnerships and corporations have limited liability for general partners and shareholders.

E. All types of business formations have limited lives.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91738508

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