The stockholders of a construction firm decide to start a steel company, but they want to have limited liability. After completing the business plan, they initiate the process of establishing the company by filing articles of incorporation and paying the filing fees to the state government. In this scenario, the stockholders of the firm want to start a _____.

Question

Quizplus · Accepted Answer

The stockholders are filing articles of incorporation, which is a process associated with forming a corporation, specifically a C corporation, which provides limited liability to its shareholders.

The Stockholders of a Construction Firm Decide to Start a Steel