E. I. James is a writer with a best selling novel. He wishes to create a corporation called "James, Inc". He will be the only shareholder. Can James incorporate his business of writing?
a. Yes, this would be the incorporation of a sole proprietorship.
b. No, the law requires at least two people to be shareholders of a corporation.
c. No, the law does not permit a person to, in effect, incorporate himself.
d. Only if he forms an S Corporation.
a
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