1. The difficulty of selling one's investment in a publicly held corporation is one of the major disadvantages of the corporate form.
True or False
2. "A partnership can be changed to a corporation later, when profits are assured. "
True or False
3. A limited liability partnership (LLP) pays income taxes.
True or False
4. The _____ form of business organization most limits personal liability for its shareholders
sole proprietorship
cooperative society
corporation
general partnership