Asked by OLUSEGUN ADELEKE on Jul 11, 2024
Verified
Which of the following is generally the only duty of an incorporator?
A) Prepare and distribute the share prospectus
B) Select the corporate board of directors
C) Select corporate officers
D) Assign a par value to company stock
E) Sign the articles of incorporation
Articles of Incorporation
Legal document filed with a governmental entity to legally establish a corporation.
Incorporator
The person or entity that files the incorporation papers with the state to legally form a corporation.
- Acquire knowledge on the methodologies involved in the formation and arrangement of corporate entities.
Verified Answer
JA
Joice Antonnette VillanuevaJul 15, 2024
Final Answer :
E
Explanation :
An incorporator is an individual who applies to the state for incorporation on behalf of a corporation.Generally,the incorporator's only duty is to sign the articles of incorporation.
Learning Objectives
- Acquire knowledge on the methodologies involved in the formation and arrangement of corporate entities.