An S corporation must pay federal income tax at the corporate level. O A. True O B. False Which of the following is correct regarding a limited liability company (LLC)? O A. It is a creature of federal law. a B. It cannot hold title to property. C. It is regarded a separate legal entity. OD. Its owners are called general partners or specific partners. A person who practices as an accountant but is not certified is generally referred to as a public accountant. A. True B. False An issuer's chief operations officer (COO) normally prepares a Form S-1. O True 0 False In a proxy contest, only the incumbent directors are permitted to solicit proxies from shareholders. O A. True B. False