To Create a Corporation

question 415

Multiple Choice

To create a corporation:

• A) articles of incorporation and an application must first be filed with the federal government
• B) the federal government issues a certificate of incorporation, which must be filed with an application to do business in the relevant states
• C) the incorporators must hold a public organization meeting, then file articles of incorporation
• D) the corporation's articles of incorporation are filed with the appropriate officer of the state
• E) none of the other choices

---

Definitions:

Life Insurance

Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

Nonmandatory Benefits

These are benefits not required by law that employers offer voluntarily, such as retirement plans, health insurance beyond legal minimums, and paid time off.

Defined Contribution Plan

A retirement plan in which the employer, employee, or both make contributions on a regular basis, and the final benefits received depend on the investment's performance.

Defined Benefit Plan

A retirement plan where the employer guarantees a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.