Stella Is Planning to Build a National Chain of Restaurants

question 43

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 but may have to comply with provincial registration requirements,provided those provincial registration requirements due not unconstitutionally interfere with that right.

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