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Which of the following statements is least accurate in the context of the different types of business organization?
Select one:
One Of the drawbacks Of a partnership is double taxation; First at the partnership and then at the individual level.
A sole proprietor has unlimited liability Shareholders Of a corporation have limited liability.
If the corporation defaults on it's debt, they are not liable to pay back the amount to the debt holder personally.
The Sole Proprietorship business organization is generally easier to set up compared to a corporation.
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