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Relaxant Inc. operates as a partnership. Now the partners have decided to convert the business into a corporation. Which of the following statements is NOT

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Relaxant Inc. operates as a partnership. Now the partners have decided to convert the business into a corporation. Which of the following statements is NOT CORRECT? Oa OD The company will probably be subject to more regulations and required disclosures. The firm will find it easier to raise additional capital to support its growth. Relaxant's shareholders (the ex-partners) will now be exposed to unlimited personal liability a Assuming the firm is a profitable C-Corporation, its income will be subject to federal income taxes

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