Question 7 1 pts Which of the following statements is CORRECT? One drawback of forming a corporation (from a proprietorship) is that it makes it more difficult for the firm to raise capital. One advantage of forming a corporation (from a proprietorship) is that it subjects the firm's owners to fewer taxes. One drawback of forming a corporation (from a proprietorship) is that it subjects the firm's investors to increased personal liabilities. One drawback of starting a proprietorship is that you may be exposed to personal liability if the business goes bankrupt