The partners of the ABC partnership have recently decided to convert the business into a...
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Finance
The partners of the ABC partnership have recently decided to convert the business into a corporation. Which of the following statements is CORRECT?
Select one:
a. The firm will find it more difficult to raise additional capital to support its growth.
b. Company shareholders, or ex-partners, will now be exposed to less liability.
c. Company investors will be exposed to less liability, but they will find it more difficult to transfer their ownership.
d. The company will probably be subject to fewer regulations and required disclosures.
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