Sullivan and Taylor Want to Form a Corporation to Provide

question 16

Multiple Choice

Sullivan and Taylor want to form a corporation to provide catering services.The first step in the incorporation procedure is to

• A)file the articles of incorporation.
• B)hold the first organizational meeting.
• C)secure a corporate name.
• D)select a state in which to incorporate.

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Definitions:

Carbon Tetrachloride

A compound featuring a carbon atom connected to four chlorine atoms, historically used as a dry cleaning solvent and fire extinguisher, now known for its toxicity.

Organic Compound

A chemical compound containing carbon atoms bonded to hydrogen atoms and possibly other elements, excluding oxides, carbides, and carbonates.

Palmitic Acid

A saturated fatty acid found in fats and waxes including olive oil, palm oil, and body lipids, used in the production of soaps and cosmetics.

Octadecanal

An organic compound belonging to the aldehyde group with an 18-carbon chain.