Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?

A) Corporations have the same legal characteristics as sole proprietorships and corporations.
B) The taxation of corporations and partnerships is the same.
C) Just like partners and sole proprietors, shareholders are entitled to participate in management of the business.
D) The process for bringing a corporation into existence in Canada is essentially the same as for bringing a sole proprietorship or partnership into existence.
E) Corporations may be subject to the same licencing requirements as sole proprietorships and partnerships.