Identify which of the following statements are true for the corporate form of organization.

• Owners have limited liability for corporate debts.
• Stockholders do not have the power to bind the corporation to contracts.
• It has many of the same rights as an individual
• It does not end with the death of an owner.
• Generally there is no double taxation on corporate income that is distributed to owners.
• Corporations are often subject to fewer regulations than partnerships.
• The president and vice presidents choose the board of directors.