Aunt Juliet Wants to Incorporate a Small Closely Held Corporation

Aunt Juliet wants to incorporate a small closely held corporation. Which of the following bits of advice, given to her by friends, is false?

A) In some jurisdictions in Canada, she could be personally responsible for a pre-incorporation contract.
B) The incorporation document to be submitted in Ontario is the "Articles of Incorporation."
C) She can enter into a contract on behalf of the corporation even before incorporation and the company will automatically be bound when it is incorporated.
D) The incorporation documents to be submitted in B.C. are called the "Memorandum" and the "Articles."
E) She has the option of incorporating federally if she wants.