Which of the following is a key difference between a corporation and a sole proprietorship?
a. Compared to establishing a proprietorship, establishing a corporation is easier.
b. Unlike a corporation, a proprietorship is subject to double taxation. c. Regulatory requirements are less severe for corporations than sole proprietorships.
d. Unlike a sole proprietorship, a corporation is subject to limited liability.
e. Establishing a sole proprietorship has complex legal requirements unlike a corporation.
