What is ordinarily the first step in the formation of a corporation?
A) Development of by-laws for the corporation
B) Issuance of the corporate charter
C) Application for incorporation to the appropriate Secretary of State
D) Registration with the SEC

Question

Quizplus · Accepted Answer

The first step in forming a corporation is to submit an application for incorporation to the appropriate Secretary of State. This application typically includes the corporation's name, purpose, location, and other basic information needed for incorporation. Once the application is approved, the corporate charter is issued and by-laws can be developed. Registration with the SEC may be necessary if the corporation plans to offer securities to the public, but it is not the first step in formation.

What Is Ordinarily the First Step in the Formation of a Corporation