A contract between a business and a state recognising the business as an artificial person is known as the
A) articles of partnership.
B) articles of incorporation.
C) S-corporation.
D) stock certificate.
E) proxy.

Question

Quizplus · Accepted Answer

A contract between a business and a state recognising the business as an artificial person is called the articles of incorporation, which establishes the formation of a corporation. The articles of partnership establish a partnership agreement between individuals, while S-corporation is a type of taxation election for corporations. A stock certificate is a document that represents ownership of shares in a corporation, and a proxy is a document that allows someone else to vote on behalf of a shareholder.

A Contract Between a Business and a State Recognising the Business