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he center Fuerscant any accuracumuonesty Curricanmuurscoporary OTE: Question 1 0/2 pts Anthony and lan are in the process of setting up their own company. They are considering making it either as a partnership or as a corporation. Eventually they decide to set up the company as a separate legal entity, meaning that they have no personal liability for the firm's debt. They will share ownership of that firm on a 50-50 basis. Which of the following statements are correct descriptions of their business? 1. The form of their company is partnership ii. If their form is located in the United States, Anthony and lan should be concerned of the double-taxation problem, which means both the interest expense and the dividends are taxed by the government. it. In the event of bankruptcy, Anthony and lan may lose all their investment since they are last in line to get back their stakes. and land ered and it swer i only None of the above - + # 1% $ 4 6 & 7 8 E R T Y