Which of the following statements is correct?

Group of answer choices

One disadvantage of forming a corporation is that it makes it more difficult for the firm to raise capital.

One disadvantage of forming a corporation is that it subjects the firm's investors to increased personal liabilities.

One advantage of forming a corporation is that it subjects the firm's investors to fewer taxes.

One disadvantage of forming a corporation is the high cost of setup and report filing.

One disadvantage of forming a corporation is that it is more difficult for the firm's investors to transfer their ownership interests.