Multiple Choice
Which of the following statements about professional corporations is false?
A) A professional corporation is formed only by a filing with the secretary of state.
B) A professional corporation is managed by a board of directors,unless a statute provides otherwise.
C) A professional corporation's shareholders have personal liability for the obligations of the professional corporation.
D) A professional corporation's rigid management structure makes it inappropriate for some smaller professional practices.
Correct Answer:
Verified
Correct Answer:
Verified
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