Which of the following statements is CORRECT? a. One danger of starting a proprietorship is that you may be exposed to personal liability if the business goes bankrupt. This problem would be avoided if you formed a corporation to operate the business. b. The more capital a firm is likely to require, the smaller the probability that it will be organized as a corporation. c. It is generally easier to transfer one's ownership interest in a partnership than in a corporation. d. If a corporation elects to be taxed as an S corporation, then both it and its stockholders can avoid all Federal taxes. This provision was put into the Federal Tax Code in order to encourage the formation of