Which of the following statements is false concerning forms of business organization?

a. A sole proprietorship is an easy type of business to form.

b. It is easier for a corporation to raise large sums of money than it is for a sole proprietorship or partnership.

c. A corporation has tax advantages over the other forms of business organization.

d. Owners of sole proprietorships and partnerships have personal liability for the debts of the business while owners of corporations have limited legal liability.