The __________ set forth the steps that must be taken to establish a corporation in a state.
A) Uniform Federal Rules
B) corporate statutes of each state
C) corporate bylaws
D) corporate charter requirements

Question

Quizplus · Accepted Answer

Each state has its own set of corporate statutes that outline the requirements for establishing a corporation. These statutes typically cover matters such as the formation documents that must be filed with the Secretary of State, the minimum number of shareholders required, the types of stock that can be issued, and other important information. It is important for those looking to establish a corporation to be familiar with the specific corporate statutes of the state in which they plan to incorporate.

The __________ Set Forth the Steps That Must Be Taken