Identify the false statement

a. organizing a business entity as a corporation helps shield the business owners from liabilites of the corporation

b. businesses organized as sole proprietors generally have little or no required financial reporting obligations other than to the irs.

c. an llc is a limited liability company

d. the sec requires greater levels of reporting for partnerships than for sole preoprietors.

e. publicaly-traded corporations face far greater reporting requirements than thet typical sole propreitorship or partnership