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Advanced Placement (AP)Advanced Placement (AP)
9 October, 20:09

What is a certificate of incorporation?

A. the taxes of a stockholder must pay if he or she sells ownership in a corporation

B. a license to form a corporation issued by the state government

C. the stocks representing a majority interest in a corporation

D. an annual report filed by a corporation with the Securities and Exchange Commission

Which of the following is one disadvantage of incorporation?

A. limited liability for owners

B. potential loss of control by founders

C. transferable ownership

D. long life

Name two countries that operate the world's largest multinationals today.

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Answers (1)
  1. 9 October, 20:21
    0
    For the first question its B a certificate of incorporation is what legitimizes a corporation.

    as for the seconded question the answer is B because you can lose control of a corporation to people that may not like what you are doing or something like that
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