Which of the following organizations is required by law to apply for a charter?
A)Sole proprietorship
B)Partnership
C)Any for-profit business
D)Corporation

Question

Quizplus · Accepted Answer

Corporate law is dictated by the state in which the corporation is established.If the application to create a corporation is approved,the state issues a charter,also called the articles of incorporation,which spells out information about the corporation such as its name,address,nature of business,and ownership structure.

Which of the Following Organizations Is Required by Law to Apply