i. The profits of a corporation are subject to double taxation, once at the corporation

level and then again when the profits are distributed to shareholders.

ii. Owners of a corporation have limited liability and thus are not liable for the debts

of the corporation.

iii. The profits of a sole proprietorship are subject to double taxation, once at the

proprietorship level and then again when the profits are distributed to the owner of

the proprietorship.

iv. The owner of a sole proprietorship has limited liability and thus is not liable for the

debts of the proprietorship.

i and ii, but not iii or iv

i, ii, and iii, but not iv

iii and iv, but not i or ii

i, ii, iii, and iv