By incorporating his business,Gordon has taken on partners who will provide financial backing.However,there are governmental requirements that shape the process.This is in contrast to the ____________ doctrine that allowed state control over the granting of incorporation.

Question

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The term "concession" refers to a system where the government grants certain rights or privileges to a person or organization. In the case of incorporation, the government grants the right to operate as a legal entity. Historically, the granting of such concessions was subject to government control, but today the process is more standardized and regulated.

By Incorporating His Business,Gordon Has Taken on Partners Who Will