which of the following is correct about forming a corporation? question 18 options: 1) in some states, the incorporators need only file articles of incorporation with the appropriate authority, but, in other states, property or cash must be exchanged for stock. 2) the incorporators in most states need only obtain any required licenses or permits for the type of business and file an assumed name certificate. 3) the incorporators in most states must enter into an agreement among themselves, but need not file anything. 4) in some states, all of the stockholders must file articles of incorporation with the appropriate authority, but, in other states, property or cash must also be exchanged for stock.

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19-12-2022
Business

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which of the following is correct about forming a corporation? question 18 options: 1) in some states, the incorporators need only file articles of incorporation with the appropriate authority, but, in other states, property or cash must be exchanged for stock. 2) the incorporators in most states need only obtain any required licenses or permits for the type of business and file an assumed name certificate. 3) the incorporators in most states must enter into an agreement among themselves, but need not file anything. 4) in some states, all of the stockholders must file articles of incorporation with the appropriate authority, but, in other states, property or cash must also be exchanged for stock.

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contexto38 contexto38 · Answer 1 · 2022-12-23T06:40:57+01:00

The statement, ''in some states, the incorporators need only file articles of incorporation with the appropriate authority, but, in other states, property or cash must be exchanged for stock.'', is the one that is correct about forming a corporation. Therefore, the option 1 holds true.

A corporation can be referred to or considered as an artificial legal person, which is formed out of an agreement between members of the organization to run independently. The main purpose or the primary intention of a corporation is to make profits out of its business operations. Out of all the forms of organization, a corporation is the most difficult to form.

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