A formal preincorporation agreement may be desirable when it is necessary to bind partici- pants to make future financial contributions that may be essential to the business venture.
Correct Answer:
Verified
Q8: Upon incorporation, the corporation becomes liable for
Q9: The _set(s) forth the rules and guide-
Q10: The bylaws of the corporation usually contain
Q11: The corporate existence typically begins when the
Q12: If the corporation's initial shareholders and board
Q14: The promoter of a corporation is
A) the
Q15: The statutes of some states require the
Q16: The_ is an agreement entered into be-
Q17: The name_ would probably not be an
Q18: In states that follow the Model Business
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