Which of the following statements is not true concerning a corporation:
A) A corporation always has limited liability; the main advantage of a corporation.
B) Owners of the corporation and the company itself may be sued if business practices harm the environment.
C) Some are subject to double taxation.
D) Professional Corporations are subject to legal actions filed against them as individuals.
E) Corporations are legal entities apart from their owners that may engage in business, make contracts, own property, pay taxes, and sue and are sued by others.
Correct Answer:
Verified
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