A corporation is a private entity that can be created by a mere handshake,as long as the shareholders have completed a certificate of incorporation.

Name: A corporation is a private entity that can be created by a mere handshake,as long as the shareholders have completed a certificate of incorporation.
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Question

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A corporation requires more than just a handshake and a certificate of incorporation to be created. It must file legal documents with the state and obtain various approvals and licenses.

A Corporation Is a Private Entity That Can Be Created