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Which of the Following Is True

question 19

Multiple Choice

Which of the following is true?


Definitions:

Incorporator

An individual or entity that participates in the formation and registration of a corporation.

Preincorporation Subscriptions

Agreements made by individuals or entities to purchase stock in a corporation that has not yet been formed.

Board of Directors

is a group of individuals elected by shareholders to oversee and make decisions on behalf of a corporation.

Promoters

Individuals or companies that initiate the creation of a business or corporation, often handling the legal and logistic tasks of organization.

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