Multiple Choice QuestionBefore the owners of a corporation can establish the company's bylaws and elect a board of directors, they must receive a Blank______ from the state in which they are doing business.Multiple choice question.partnershipcorporate charterinitial public offeringdividend
Question
Multiple Choice QuestionBefore the owners of a corporation can establish the company's bylaws and elect a board of directors, they must receive a Blank______ from the state in which they are doing business.Multiple choice question.partnershipcorporate charterinitial public offeringdividend
Solution
The correct answer is "corporate charter". Before the owners of a corporation can establish the company's bylaws and elect a board of directors, they must receive a corporate charter from the state in which they are doing business. This document gives them the legal right to form a corporation.
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