Orel incorporates his business as Posts & Wire Corporation in Texas.He and his group of shareholders intend to make a profit from their sales of fencing materials.Posts & Wire is

Question

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Out of the given choices, the best-suited option for Orel's business is a private corporation. A private corporation is formed for the purpose of making a profit, and its shares are held by a limited number of individuals. As Orel and his group of shareholders aim to make a profit from the sales of fencing materials, the formation of a private corporation under the name Posts & Wire Corporation in Texas is appropriate. A nonprofit corporation primarily aims to serve a charitable, educational, religious or scientific purpose, which is not the case with Orel's business. An alien corporation is a company incorporated in a foreign country but has operations in the United States, which does not apply to Orel's business.

Orel Incorporates His Business as Posts & Wire Corporation in Texas.He