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Which of the following statements is correct? Sole proprietorships are subject to more regulations than corporations. In any type of partnership, every partner has the
Which of the following statements is correct?
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.
Sole proprietorships and partnerships generally have a tax advantage over many corporations, especially large ones.
S corporation is generally subject to the corporate income tax.
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