Which of the Following Is True About Forms of Businesses

Multiple Choice

Which of the following is true about forms of businesses?

A) Partnerships involve the separation of ownership and management.
B) Sole proprietorships are the same as S corporations.
C) A corporation's owners directly absorb profits and losses.
D) Double taxation is a big disadvantage of S corporations.
E) The owners of an LLC are not personally responsible for debts that the LLC accumulates.