Which of the following statements is most correct?

Question

Quizplus · Accepted Answer

Corporations face more regulations when compared to partnerships. This is because corporations are considered separate legal entities and are subject to a variety of regulations to ensure accountability and transparency to shareholders, employees, and the public. Partnerships, on the other hand, are typically less regulated because they are considered a joint venture between partners rather than a separate legal entity.

Option A is incorrect because incorporation typically leads to more regulation, not less. 
Option B is incorrect because double taxation is a disadvantage for corporations, not an advantage. 
Option C is incorrect because limited liability is an advantage of corporations, not a disadvantage.

Which of the Following Statements Is Most Correct