Bill and Ted decide to set up a small company to invest in real estate.Before incorporating they find a prime piece of real estate that is suitable for investment purposes.They want to buy the property through a limited company but have not as yet incorporated.They attend at a lawyer's office for purposes of filing articles of incorporation.The lawyer asks them what name they plan to use for the corporation.Bill immediately says "Bill and Ted's Excellent Investments Inc.".The lawyer advises them that she will need some time to have the name approved through the appropriate government office.Bill tells the lawyer there is no time to wait for the name approval.In these circumstances Bill and Ted can
A) Tell the real estate agent to "hold off" for a couple of days until the name is approved.
B) Use a "number name" where the registry simply assigns a number to the new corporation and worry about the name change later.
C) Opt to form a partnership instead.
D) File a "request to delay name of corporation form" at the time of filing the articles of incorporation.
E) Hire a new lawyer.
Correct Answer:
Verified
Q11: Which of the following is included in
Q22: There is no practical difference between the
Q26: Luzzos Corp.is a closely held corporation where
Q27: Several years back,while Tommy was still in
Q28: Bond and share certificates in bearer form
Q30: The principle that a corporation has an
Q32: Edith is the only shareholder and director
Q33: In the articles of incorporation jurisdictions,the concept
Q35: When a corporation is liquidated,the first group
Q38: In both theory and reality,a corporation always
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents