Cheers Inc. operates as a partnership. Now the partners have decided to convert the business into a regular corporation. Which of the following statements is CORRECT?

		Cheers will now be subject to fewer regulations.
		Cheers' shareholders (the ex-partners) will now be exposed to more liability.
		Cheers' investors will be exposed to less liability and find it easier to transfer their ownership.
		Cheers will find it more difficult to raise additional capital.