Marcel's Motorcycles Inc. has just incorporated the business in Ontario. If John Chu had been a partner, what would he now become?

Name: Marcel's Motorcycles Inc. has just incorporated the business in Ontario. If John Chu had been a partner, what would he now become?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Since Marcel's Motorcycles Inc. has just incorporated the business, it has become a separate legal entity. As a result, any partners who were previously part of the business would now become shareholders in the new corporation.