Which of the following is true about the purpose(s) of a corporation?
A) A corporation is considered to be formed for any lawful purpose, and can therefore engage in any legal activity.
B) A corporation must identify all specific purposes for which it has been formed.
C) A corporation can have more than one purpose, but the purposes must be related; if they are not, the state will order the corporation split up into two or more separate corporations.
D) A corporation can have either a general purpose or a limited purpose.
E) The secretary of state's office will review new filings of articles of incorporation to prevent the formation of too many corporations with identical purposes.
Correct Answer:
Verified
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