The first step in forming a corporation is to
A) find a large number of partners
B) take out a business loan
C) obtain a charter from the state government
D) hire more staff
E) pay dividends to stockholders
Correct Answer:
Verified
Q108: When compared to a sole proprietorship, a
Q109: In a partnership, decisions made and liabilities
Q110: A firm owned by two or more
Q111: A firm that exists as a separate
Q112: The owners of a corporation are
A) stockholders
B)
Q114: A share of stock represents a claim
Q115: _ elect the firm's board of directors,
Q116: Which of the following is unique to
Q117: Alice's Restaurant is a business that is
Q118: CEO is an abbreviation for
A) corporate executive
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