Which of the following is true regarding incorporation?
A) A corporation must be incorporated in the state in which it has its principal place of business.
B) Laws regarding incorporation and the rights and duties of corporations are uniform from state to state.
C) Since the mid-1930s,Delaware has been considered the preeminent state for incorporation.
D) Incorporation may be done pursuant to common law as well as statute.

Question

Quizplus · Accepted Answer

Since the mid-1930s, Delaware has been considered the preeminent state for incorporation due to its business-friendly laws and court system. A corporation does not have to be incorporated in the state in which it has its principal place of business, and laws regarding incorporation and the rights and duties of corporations vary from state to state. Incorporation can only be done pursuant to statute, as common law does not provide for the creation of a corporation.

Which of the Following Is True Regarding Incorporation