Stella Is Planning to Build a National Chain of Restaurants

question 51

Multiple Choice

Stella is planning to build a national chain of restaurants.She should choose to incorporate under the Canada Business Corporations Act for which of the following reasons?

• A)Provincially incorporated corporations are prohibited from carrying on business in another province or territory.
• B)Provincially incorporated corporations need permission from each province and territory in which they want to carry on business.
• C)Provincially incorporated corporations have restrictions on the types of businesses that they can carry on.
• D)The limited liability of provincially incorporated corporations is not recognized in other provinces or territories.
• E)A company incorporated under the Canada Business Corporations Act has the right to carry on business across Canada.

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