Incorporation a.must take place in the state where the majority of incorporators reside. b.may take place...
Incorporation
a.must take place in the state where the majority of incorporators reside.
b.may take place in any state having an incorporation statute.
c.cannot take place in a community property state unless all incorporators reside in that state.
d.expires after a maximum period of time, such as 30 years, under the law of most states.
Homework Answers
Solution :- Option B - May take place in any state having an incorporation statute.
Incorporation :- means when company or entity is formed through legal process . The process of incorporation gives legal entity and separates firm assets and income from owners and investors.
Types of incorporation in united states are as follows :- S corporation , C corporation , limited liability company and non- profit organization.
As incorporation can take place in state that having incorporation statute because incorporation is an legal process so company can avail various benefits from government given to company for business.
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Incorporation
a.must take place in the state where the majority of
incorporators reside.
b.may take place...
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