Which of the following statements is CORRECT?

a. One of the advantages of the corporation is that it avoids double taxation.

b. Corporations are subject to corporate income tax while partnerships are subject to partnership income tax.

c. One of the advantages of all types of partnerships is that all the partners are exposed to limited liability.

d. In a sole proprietorship the owner is liable only for what is invested in the business.

e. It is easier to transfer ones ownership interest in a partnership than in a corporation.

f. None of the above answers is correct