How does the taxation of a corporation differ from that of a sole proprietorship and partnership? (1 point) The earnings of shareholders are taxed directly. Taxes are said to pass through the corporation and onto owners. The corporation pays no tax. The corporation is taxed, and then shareholders are additionally taxed. Which of the following business structures is said to have unlimited life? (1 point) O corporation general partnership O sole proprietorship O limited partnership Corporations, limited partnerships, and limited liability partnerships differ from sole proprietorships and general partnerships in (1 point) decision-making. liability. O number of owners. O lifespan. Which of the following describes a primary difference between corporations and unincorporated businesses? (1 point) Shareholders may have to liquidize assets to cover failures of the corporation. Two or more members are required to form a corporation. Decisions are made by a board of directors. Sophia and Mia are interested in starting a business venture together. Other firms in the industry face high financial risks and tricky legal requirements that could easily get them into costly trouble. Which of the following would be the wisest choice of business structure for Sophia and Mia to pursue? (1 point) general partnership O sole proprietorship corporation O limited partnership