Which of the Following Statements Is CORRECTσ

Multiple Choice

Which of the following statements is CORRECTσ

A) corporations are at a disadvantage relative to partnerships because they have to file more reports to state and federal agencies, including the securities and exchange administration, even if they are not publicly owned.
B) in a regular partnership, liability for the firm's debts is limited to the amount a particular partner has invested in the business.
C) a fast-growth company would be more likely to set up as a partnership for its business organization than would a slow-growth company.
D) partnerships have difficulty attracting capital in part because of their unlimited liability, the lack of impermanence of the organization, and difficulty in transferring ownership.
E) a major disadvantage of a partnership relative to a corporation as a form of business organization is the high cost and practical difficulty of its formation.