When incorporating, a business
A) may incorporate in any state that it chooses.
B) must incorporate in the state in which its headquarters are located.
C) must incorporate in the state in which it does the most business.
D) must receive the secretary of state's permission to incorporate in any state other than the one in which its corporate headquarters will be located.
E) None of the above are correct.

Question

Quizplus · Accepted Answer

A business may choose to incorporate in any state, regardless of where its headquarters are located or where it conducts the most business. Many businesses choose to incorporate in states like Delaware due to favorable corporate laws.

When Incorporating, a Business