Save Anne Question 57 1.5 points Which of the following statements is CORRECT? a Corporations face fewer regulations than proprietorships b. It is generally less expensive to form a corporation than a proprietorship because, with a proprietorship, extensive legal documents are required o. One advantage of forming a corporation is that equity investors are usually exposed to less liability than they would be in a partnership d. If a partnership poes bankrupt, each partner is exposed to liabilities only up to the amount of his or her investment in the business 6. One disadvantage of operating a business as a proprietor is that the firm it subject to double taxation, because taxes are levied at both the fimm level and the owner level