Ann and Jack have been partners for several years. Their firm, A &J Tax Preparation, has been very successful, as the pair agree on most business-related questions. One disagreement, however, concerns the legal form of their business. Ann has tried for the past 2 years to get Jack to agree to incorporate. She believes that there is no downside to incorporating and sees only benefits. Jack strongly disagrees, he thinks that the business should remain a partnership forever. First,take Ann's side, and explain the positive side to incorporating the business. Next,take Jack's side, and state the advantages to remaining a partnership. Lastly, what information would you want if you were asked to make the decision for Ann and Jack? Which of the following statements are the advantages of a partnership compared to a corporation? (Choose all hat apply) g A. Owners have imited liability y B. Ownership is readily transferable torl ? D. Lower income taxes esl ? E. Less expensive to organize od Which of the following statements are the advantages of a corporation compared to a partnership? (Choose all that apply) ToolA. Long life of firm ?C, Long life of firm. ? B. Ownershia is readily transferable C. Less expensive to organize ? D. Low income taxes D E. Owners have limited sbility