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Which of the following statements is CORRECT? Group of answer choices Sole proprietorships and partnerships generally have a tax advantage over many corporations, especially large
Which of the following statements is CORRECT?
Group of answer choices
Sole proprietorships and partnerships generally have a tax advantage over many corporations, especially large ones.
Sole proprietorships are subject to more regulations than corporations
In any type of partnership, every partner has the same rights, privileges, and liability exposure as every other partner.
Corporations of all types are subject to the corporate income tax.
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