Which of the following statements is CORRECT? O a. Corporations face fewer regulations than proprietorships. b. It s generally less expensive to form a corporation than a proprietorship because, with a proprietorship, extensive legal documents are required . One advantage of forming a corporation is that equity investors are usually exposed to less liablity than they would be in a partnership. d. One dsadvantage of operating a business as a proprietor is that the firm ts subject to double taxation, because taxes are levied at both the firm level and the owner level. O c O e. If a partnership goes bankrupt, each partner is exposed to labilities only up to the amount of his or her investment in the business