Multiple Choice
Which of the following statements is true when creating a corporation in the United States?
A) Each of the 50 states has a general incorporation statute that stipulates the articles of incorporation to be used in that state.
B) Incorporation is a federal matter and requires the recording of articles of incorporation with the U.S. Secretary of State.
C) Corporations cannot be created without the enactment of a local ordinance in the city or county where the corporate headquarters is to be located.
D) Corporations are created by private agreement and do not require the filing of any documents with a government official.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: The owners of a limited liability company
Q12: Steps involved in creating a limited liability
Q13: Which of the following is true of
Q14: Buyback programs are used to prevent stock
Q15: A long-term corporate loan secured by a
Q17: Which of the following is true of
Q18: List and describe the various types of
Q19: If a corporation issues shares for less
Q20: A corporation is legally treated as a
Q21: Notes are long-term loans secured by a