All of the following are elements of creating a corporation EXCEPT A) each state has a specific procedure for incorporating a business. B) the procedure for chartering a corporation is the same in all states. C) most states require a minimum of three incorporators. D) a corporation's name must end in "company," "corporation," "incorporated," or "limited" to show that the owners have limited liability. E) the new corporation's name cannot be similar to that of another business.
All of the following are elements of creating a corporation EXCEPT A) each state has a specific procedure for incorporating a business. B) the procedure for chartering a corporation is the same in all states. C) most states require a minimum of three incorporators. D) a corporation's name must end in "company," "corporation," "incorporated," or "limited" to show that the owners have limited liability. E) the new corporation's name cannot be similar to that of another business.
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter4: Choosing A Form Of Business Ownership
Section: Chapter Questions
Problem 3DQ
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Foundations of Business - Standalone book (MindTa…
Marketing
ISBN:
9781285193946
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Foundations of Business - Standalone book (MindTa…
Marketing
ISBN:
9781285193946
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning