Which of the following statements concerning business structures is false?

Select one:

a$.$

An advantage of incorporation is the ease of transfer of ownership

b$.$

A corporation is a separate legal entity for accounting purposes, but not for tax purposes

c$.$

Owners of a corporation are subject to limited liability

d$.$

A sole proprietorship is a separate entity from its owner for accounting purposes

e$.$

A disadvantage of a partnership is that the partners are subject to unlimited liability