Corporations generally have which of the following differences from partnerships in the English legal system, as also operated in the United States? (Please read through the complete question before answering.)

(a) The owners have limited liability for the debts of the business.

(b) The corporation is a separate legal entity.

(c) The corporation is accounted for as separate from the owner.

(d) The corporation pays tax on its profits.

(e) Corporations are cheaper to form.

(f) Corporations have fewer rules to obey.

Circle as many letters as you think are differences.