Problems Decide whether each of the following statements is true or faire 1. A well-prepared and in-depth feasibility study ensure succes for a business 2. The owner of a proprietorship is legally entitled to a falta 3. A proprietorship may have one or more owners 4. A partnership is a legally incorporate business 5. A partnership pays its own tax on its own profits. 6. A corporation may have an unlimited number of partners 7. The shareholders of an corporation are liable for its debts 8. Preferred stock is not a capital stock. 9. An LLC is not a separate legal entity. 10. An LLC is formed under federal statute