What advantage does a corporation have over a sole proprietorship or a partnership? a) It's not considered a separate legal entity from the people who own it.
b)It's not subject to double taxation, whereby the business income is taxed, and then the owners are taxed.
c)It's faster to establish and doesn't require the permission of the state or federal government.

Correct
d)The business is responsible for its debt, not the people who own the business.

d) The business is responsible for its debt, not the people who own the business.

Explanation:

One of the most significant advantages of a corporation is that it has limited liability. This means that the owners of the corporation aren't personally liable for debts that the business incurs. For example, if the business goes deep into debt, the creditors cannot come after the owners to personally pay the debts off.

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