Which of the Following Is Not True Regarding the Limitations

question 2

Multiple Choice

Which of the following is not true regarding the limitations of professional corporations?

• A)Seventy-five percent of the shares of stock must be owned and held by individuals licensed in the profession of the corporation.
• B)At least one of the incorporators, one director, and one officer must be licensed in the profession.
• C)The Articles of Incorporation, in addition to all other requirements, must designate the professional services to be provided by the corporation.
• D)The professional corporation must obtain from the appropriate licensing board a certification that declares the shares of stock are owned by individuals who are duly licensed in the profession.

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Definitions:

International Trade

The exchange of goods and services between countries, which allows for increased efficiency and market expansion.