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13 July, 03:26

Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of the initial stock offering. True/False

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  1. 13 July, 05:04
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    The statement " Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of the initial stock offering " is FALSE.

    Explanation:

    Incorporation of a business means making a company officially known by the company's sole property or general partner. If a company forms, it becomes a legal structure separating the individuals who founded the company.

    Even though a company does not have a office there, the company must always have a registered agent within the state of incorporation.

    Incorporation provides shareholders with immunity from personal liability for the company's debts.
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