A contract between a business and a state recognizing the business as an artificial person is known as the
A) articles of partnership.
B) articles of incorporation.
C) S-corporation.
D) stock certificate.
E) proxy.

Question

Quizplus · Accepted Answer

A contract between a business and a state recognizing the business as an artificial person is known as the articles of incorporation. This document is filed with the state and includes information about the company's name, purpose, structure, and ownership. Once approved, the business becomes a legal entity separate from its owners and can enter into contracts, sue or be sued, and own property in its own name.

A Contract Between a Business and a State Recognizing the Business