1. If a corporation needs capital/money as part of a growth strategy, the company is always better borrowing from a shareholder than borrowing from a bank.
2. True.
3. False.

2. The primary purpose of a corporation is to generate wealth for the public.

1. True.
2. False

1. What is one primary difference between a corporation and a partnership?
   1. A partnership can have more owners.
   2. A corporation is subject to federal regulation.
   3. A corporation is subject to two layers of taxation.
   4. A partnership is subject to two layers of taxation.