Asked by Marquel WindyBoy on May 10, 2024
Verified
It is possible to create a corporation without a government's permission.
Government's Permission
Authorization from a governmental authority for an individual or entity to perform certain actions or operations.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders; it has rights and liabilities independent of them and can enter into contracts, sue, and be sued.
- Understand the legal establishment and features of corporations.
Verified Answer
JT
James Thomas
May 13, 2024
Final Answer :
False
Explanation :
A corporation may be created only by permission of a government.
Learning Objectives
- Understand the legal establishment and features of corporations.