Which of the following statements is NOT CORRECT? a. C-Corporations are subject to the corporate income tax but S-Corporations are not. b. Proprietorships are subject to fewer regulations than corporations. c. One of the disadvantages of incorporating your business is that you could become subject to the firm's liabilities in the event of bankruptcy. d. Proprietorships and partnerships generally have a vax advantage over corporations. Click Save and Submit to save and submit, Click Save All Answers to save all answers