What is the correct order of events for the formation of a corporation? Incorporators select a name for the corporation; Articles of incorporation are filed; Business selects a state of incorporation; Novations are executed Novations are executed; Articles of incorporation are filed; Incorporators select a name for the corporation; Business selects a state of incorporation Business selects a state of incorporation; Novations are executed; Incorporators select a name for the corporation; Articles of incorporation are filed Business selects a state of incorporation; Incorporators select a name for the corporation; Articles of incorporation are filed; Novations are executed
What is the correct order of events for the formation of a corporation? Incorporators select a name for the corporation; Articles of incorporation are filed; Business selects a state of incorporation; Novations are executed Novations are executed; Articles of incorporation are filed; Incorporators select a name for the corporation; Business selects a state of incorporation Business selects a state of incorporation; Novations are executed; Incorporators select a name for the corporation; Articles of incorporation are filed Business selects a state of incorporation; Incorporators select a name for the corporation; Articles of incorporation are filed; Novations are executed
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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What is the correct order of events for the formation of a corporation?
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Expert Solution
Step 1
Introduction:
A corporation is a type of legal entity that is separate and distinct from its owners. It is created through the process of incorporation, which involves filing certain legal documents with the state government.
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