Nontax characteristics that should be considered in choosing an entity form include which of the following?
I. Number of owners.
AI. Limited liability for owners.
BI. Ability to participate in management.
IV. Transferability of ownership interests.
a. Only statement I is correct.
b. Only statement II is correct.
c. Statements II and IV are correct.
d. Statements I, II, and IV are correct.
e. Statements I, II, III, and IV are correct.