Which one of the following is not directly related to the various forms of business organization?

Select one:

a. The disadvantages of corporation are double taxation and large cost of setup and filing report.

b. A Corporation is a legal entity created by a state separate and distinct from its owners and managers, having unlimited life, easy transferability of ownership and limited liability.

c. The disadvantages of proprietorships and partnerships are limited liability and limited life.

d. The advantages of proprietorships and partnerships are ease of formation, subject to few regulations, and no private income taxes.

e. A proprietorship is an unincorporated business owned by one individual and a partnership is an unincorporated business owned by two or more person.