Which of the following statements is true of forming C corporations?
A) They include preferred stockholders who vote in stockholders' meetings.
B) They require the adoption of corporate bylaws.
C) They are cheaper than forming a partnership.
D) They can be formed through a verbal agreement.

Question

Quizplus · Accepted Answer

C corporations require the adoption of corporate bylaws as part of their formal structure and governance.

Which of the Following Statements Is True of Forming C