Discuss what is required in most states to form a corporation
Formation of a corporation must comply with state statute. The procedure begins with the promotion of the proposed corporation by its organizers/promoters, who procure offers to buy stock and prepare incorporation papers. Incorporators must file articles of incorporation, or a charter, with the state. This document then becomes the basic governing document of the corporation as long as the provisions are legal. An organizational meeting is held to issue stock, adopt bylaws, appoint officers, and carry on other business. If the articles do not name the corporation's initial directors, the incorporators hold the organizational meeting to elect directors, and either the incorporators or the directors complete the organization.
You might also like to view...
What are the benefits and shortcomings of the Rotary International’s Four-Way Test compared to the more complex ethical theories?
What will be an ideal response?
The credit rating assigned to a bond reflects the probability that:
A. the bond's face value will increase above its market value. B. the bond will go into default. C. the company will earn extremely high returns on its bond's sinking fund investments. D. the bond's maturity value will become lower than its principal value. E. the firm will exercise a call provision on the bond.
Taylor agrees to sell Kai goods for $2,000. The value of the goods accepted is $1,500. If the goods had been as warranted, their value would have been $2,600. What are the buyer's damages for breach of warranty?
A) $500 B) $600 C) $1,100 D) Damages cannot be determined in this case because they are not calculable with mathematical precision.
Approximate the exact number by rounding to an easier number to use: 8,592 employees
What will be an ideal response?