which of the following statements is true? a$.$ One of the benefits of incorporating your business is that youbecomeentitled to receive unlimited liability.b$.$ Sole proprietorships are subject to more regulations thancorporations.c$.$ Sole proprietorships do not have to pay corporate tax.d$.$ All of the statements above are correct.e$.$ None of the statements above is correct.Firm organization$2.$ Which of the following statements is most correct? a$.$ One of the advantages of the corporate form of organization isthatthere is no double taxation. b$.$ The partnership form of organization has easy transferabilityofownership. c$.$ One of the disadvantages of the sole proprietorship form of organi$-$zation is that there is unlimited liability.