Even If a Corporation Does No Business in Delaware, It

question 6

True/False

Even if a corporation does no business in Delaware, it can obtain the benefits of Delaware corporation law by incorporating in Delaware.

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Definitions:

Liens

Legal claims against assets that are typically used as collateral to secure loans.

Accounts Receivable

Amounts due from clients to a business for received goods or services that remain unpaid.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.

Accounts Payable

Liabilities or amounts owed by a business to suppliers or creditors for goods and services received but not yet paid for.