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

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