Jeremy and Patricia are a married couple that want to purchase a bakery franchise. profit for the franchise last year wa

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Jeremy and Patricia are a married couple that want to purchase a
bakery franchise. profit for the franchise last year was $1
million. They are considering purchasing the business as a
partnership or through a proprietary limited company. What id s
downside of incorporation in these circumstances?
a. Perpetual succession.
b. A separate legal entity for contracts.
c. Compliance and reporting obligations and on-going
registration fees.
d. Limited liability for members of the company