What is the first step that must be taken to terminate a corporation?
A)filing
B)vote
C)revocation
D)winding up

Question

Quizplus · Accepted Answer

The first step to terminate a corporation is for the shareholders to vote on the decision to dissolve the corporation. Without a shareholder vote, the corporation cannot be terminated. Once the vote is taken, the board of directors would then take the necessary steps to wind up the affairs of the corporation and file the appropriate paperwork with the state to formally dissolve the corporation.

What Is the First Step That Must Be Taken to Terminate