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

Cheers will now be subject to fewer regulations.

Cheers$$ investors will find it more difficult to transfer their ownership.

Cheers$$ shareholders $($the ex$-$partners$)$ will now be exposed to more liability.

Cheers will find it more difficult to raise additional capital.

None of the above.