A small group of businesspeople decide that the best way to do business, while simultaneously protecting their own assets, is to form a corporation. What steps do they need to take in order to successfully establish a corporation?
What will be an ideal response?
To establish a corporation, the group should choose a name for the corporation, appoint directors, file articles of incorporation, draft bylaws, hold a board meeting, issue stock, and, finally, obtain business permits and licenses. They also need to file paperwork with both state and federal agencies.
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How would interest earned on a checking account be dealt with in a bank reconciliation?
a. added to company's book balance b. deducted from company's book balance c. added to bank statement balance d. deducted from bank statement balance
When a couple has a common law marriage, they must still get a divorce in order to end their relationship
Indicate whether the statement is true or false
What is the likelihood that the commute will take 30 minutes or longer?
Horatio Oscar Vineeth Lane (HOV Lane for short) records his commute times for a period of one month and assigned them to five different categories as shown in the table. Commute Length Number of Observations commute time <10 minutes 1 10 ? commute time < 20 minutes 2 20 ? commute time < 30 minutes 4 30 ? commute time < 40 minutes 9 40 ? commute time < 50 minutes 4
Dora purchases a corporate bond from Mattel. On the bond it states that Dora will receive her money back on February 15, 2022. This is the bond's ____ date.
A. declaration B. maturity C. conversion D. redemption E. expiration