If the procedures for incorporation are not followed precisely, others may be able to challenge the existence of the corporation.
Correct Answer:
Verified
Q8: A business firm whose shares are held
Q9: A shareholder in a professional corporation generally
Q10: Because state corporate laws differ, persons wishing
Q11: Individual state laws should be relied on
Q12: A foreign corporation that has not obtained
Q14: Because a close corporation is one whose
Q15: In many states, close corporations have more
Q16: A close corporation need not meet all
Q17: A benefit corporation is designed to make
Q18: The implied powers of a corporation can
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