Shield their owners from the liabilities of the corporation

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Reference no: EM131211066

Identify the false statement.

Select one: A. Corporations help shield their owners from the liabilities of the corporation.

B. Sole Proprietorships generally have little or no required financial reporting obligations.

C. An LLC is a limited liability company.

D. The SEC requires greater levels of reporting for partnerships than for sole proprietorships.

E. Publicly-traded Corporations face greater reporting requirements than the typical sole proprietorship or partnership.

Reference no: EM131211066

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