Which of the following statements is CORRECT?

	a.	One of the disadvantages of incorporating a business is that the owners then become subject to liabilities in the event the firm goes bankrupt.
	b.	Sole proprietorships are subject to more regulations than corporations.
	c.	Sole proprietorships and partnerships generally have a tax advantage over many corporations, especially large ones.
	d.	In any type of partnership, every partner has the same rights, privileges, and liability exposure as every other partner.
	e.	Corporations of all types are subject to the corporate income tax.