A Corporation Must Have

question 37

Multiple Choice

A corporation must have:

• A) a name.
• B) more than one shareholder.
• C) a corporate seal.
• D) all of the above.

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Definitions:

Variable Annuity

An insurance product that provides a retirement income and whose value fluctuates with the performance of the investment options chosen by the holder.

Life Expectancy

The average period that an individual is expected to live, based on demographic factors such as current age and health conditions.

Roth Retirement Plan

A type of retirement account that allows qualified withdrawals on a tax-free basis, provided certain conditions are met.

Withdrawals

The act of taking money out of an account.