Joey and his partners have started a corporation in North Dakota.They could get it incorporated in Illinois if:

Question

Quizplus · Accepted Answer

Two fundamental considerations frequently arise when the promoters are trying to decide where to incorporate. First, the business may be incorporated in a state where the incorporation fees, taxes, annual fees, and other charges tend to be lower. Second, the promoters may decide to incorporate in a state where the corporation statute and judicial decisions grant management considerable freedom from shareholder interference in the operation of corporate affairs. Therefore, Joey and his partner could get their corporation incorporated in Illinois if incorporation fees and taxes are lower, and there is minimal shareholder interference in Illinois.

Joey and His Partners Have Started a Corporation in North