Question

1. A person that wishes to incorporate a
business needs to
a. Find stockholders
b. Pay government dividends
c. File for permission from the
government
d. Do all of the above

Answer 1

Answer:

c. File for permission from the  government

Explanation:

The number one step when incorporating a business is filing for permission from the  government. Every state has a special regulatory body or an agency responsible for accepting or denying applications. This way, the company becomes registered in the national database.

Finding stockholders is not essential if the owner possesses enough capital to fund the company.