Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 1: 6DQ (page 22)

What document is necessary to form a corporation?

Short Answer

Expert verified

The articles of incorporation are important for forming a corporation.

Step by step solution

01

Meaning of the incorporation of a company

The process of legally setting up a corporation is called the incorporation of a company. This process involves filing the required documents and getting the entity registered with the concerned authorities at the place of business.

02

The importance of the articles of incorporation in the incorporation process

The article of incorporation is an important document for incorporating the corporation.It contains important information, such as the name and address of the corporation, agent for the service, the amount, and type of stock to be issued by the corporation.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

What advantages does a sole proprietorship offer? What is a major drawback of this type of organization?

What advantages does a sole proprietorship offer? What is a major drawback of this type of organization?

Name the departments, offices, or agencies that were created by the Dodd-Frank legislation.

Question: Assume you are looking at many companies with equal risk. Which ones will have the highest stock prices?

In a corporation, what group has the ultimate responsibility for protecting and managing the stockholders’ interests?
See all solutions

Recommended explanations on Business Studies Textbooks

Corporate Finance

Read Explanation

Managerial Economics

Read Explanation

Managers

Read Explanation

Nature of Business

Read Explanation

Strategic Analysis

Read Explanation

Human Resources

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free