An S corporation cannot incur a tax liability at the corporation level

Tina designed a new type of handbag that has proven to be very popular. She begins manufacturing these handbags on a large scale and considers her options for setting up a business to market the bags nationwide. She opts for a distributorship franchise, under which she will:

a.) grant dealers the right to her trade name. b.) license distributors to sell her handbags. c.) pay for one half of the franchisee's start-up costs. d.) avoid certain taxes and fees

Informality in procedures means that unintended consequences are common in social media

Indicate whether the statement is true or false