Question 13 3 pts A characteristic of a C corporation is that: its owners are personally liable for any debts of the business there is significant paperwork required to properly maintain a corporation its owners have unlimited liability with regard to the business O its owners are called "members" Question 14 3 pts A characteristic of a typical limited liability company is that: its income is double taxed O it can pay its owners a distribution O it can pay its owners a dividend its owners are responsible for the payment of all legal and tax judgments against the business