A new corporation forms every time there is a change in ownership.

Name: A new corporation forms every time there is a change in ownership.
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Quizplus · Accepted Answer

A new corporation is not formed every time there is a change in ownership. A change in ownership can occur through the sale of shares or transfer of ownership, but this does not necessarily require the formation of a new corporation. The existing corporation simply has new owners.

A New Corporation Forms Every Time There Is a Change