Bernie and Chan want to form a corporation to market MP3 accessories. The first step in the incorporation procedure is to

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The first step in the incorporation process is to select a state in which to incorporate. This is because each state has different laws and regulations regarding corporations, such as taxes, fees, and filing requirements. Once a state is chosen, the articles of incorporation can be filed and a corporate charter obtained. The first organizational meeting would then be held to establish bylaws, elect officers, and take care of other initial business.

Bernie and Chan Want to Form a Corporation to Market