Suppose you decide to set up your fishing enterprise as a corporation. The first thing you need to do is
A) issue stock
B) determine dividend levels
C) become a stockholder
D) obtain a charter from your state government
E) notify insurers of your liability
Correct Answer:
Verified
Q56: Corporate profits that are not reinvested in
Q57: Which of the following is a disadvantage
Q58: The major difference between a proprietorship and
Q59: Which of the following does not provide
Q60: Who receives corporate interest before any disbursement
Q62: A corporation has sold 1,000 shares of
Q63: The difference between a sole proprietorship and
Q64: Unlimited liability applies
A) to partnerships and sole
Q65: If a business is run as a
Q66: If a sole proprietor is forced to
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