By incorporating his business,Gordon has taken on partners who will provide financial backing.However,there are governmental requirements that shape the process.This is in contrast to the ________doctrine that allowed state control over the granting of incorporation.

Question

Quizplus · Accepted Answer

The correct answer is the concession doctrine, which historically allowed states to have control over the process of granting incorporation. This doctrine required businesses to obtain a concession or charter from the government to operate as a corporation, contrasting with the more modern approach where businesses can incorporate more freely under general incorporation laws.

By Incorporating His Business,Gordon Has Taken on Partners Who Will