Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?

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