Brief Exercise 10-1 (Static) Cite advantages and disadvantages of a corporation (LO10-1) Waldo is planning to start a clothing store helping big and tall men blend in with the crowd. Select the appropriate options to explain to Waldo the advantages and disadvantages of a corporation in comparison to a sole proprietorship or partnership. 1. Limited Liability 2. Raising Capital 3. Additional Taxes 4. More Paperwork 5. Unlimited Liability 6. Inability to Raise Capital 7. Fewer Taxes 8. Less Paperwork