Question Hel What are the main advantages and disadvantages of organizing a firm as a C corporation? The advantages are: (Select all the choices that apply) aA. There is no linit on the number of owners a C corporation may have, thus allowving the corporation to raise B. The fe of the business can continue beyond the death of any of the owners. D. The lability of the owners is Ilimited to the amount of their investment in the firm The disadvantages are: (Select all the choices that apply.) A. Income to a C corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a owners to pay for corporate liabities. This attacts smaller investors to the corporation B. The lfe of the business usually ends with the death of any of the owners. C. The C corporation is more complicated and more expensive to set up than other business entities D. Corporate labilitles can be passed on to the shareholders, thus making stock ownership primarily the realm of wealthy investors. Click to select your answerls) and then click Check 6n