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What are the main advantages and disadvantages of organizing a firm as acorporation? (Select all the choices thatapply.) A. Disadvantages: Doubletaxation, infinite life. B. Advantages:

What are the main advantages and disadvantages of organizing a firm as acorporation?

(Select all the choices thatapply.)

A.

Disadvantages: Doubletaxation, infinite life.

B.

Advantages: Limitedliability, liquidity, separation of ownership and control.

C.

Advantages: Limitedliability, liquidity, infinite life.

D.

Disadvantages: Doubletaxation, separation of ownership and control.

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