What is the first step in incorporating a company?
A) Write the articles of incorporation.
B) Hold an organizational meeting.
C) Select the company's name.
D) Buy necessary licences and pay required taxes.

Question

Quizplus · Accepted Answer

The first step in incorporating a company is to select the company's name. This is because the name must be approved by the state in which the company is being incorporated, and it must be unique and not already in use by another company. Once the name is selected, the other steps, such as writing the articles of incorporation, holding an organizational meeting, and buying necessary licenses and paying required taxes can be completed.

What Is the First Step in Incorporating a Company