The Avocado Inc. operates as a partnership. Recently, its partners have decided to convert the business into a corporation. Which of the following statements is correct? Select one: O a. Assuming the firm is profitable, none of its income will be subject to federal income taxes O b. The company will probably be subject to fewer regulations and required disclosures. O c. Company investors will be exposed to less liability, but they will find it more difficult to transfer their ownership O d. The firm will find it more difficult to raise additional capital to support its growth. O e. Company shareholders (the ex-partners) will now be exposed to less liability