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:

Altruism

Selfless concern for the well-being of others, often leading to acts of kindness without expectation of reward.

Support Group

A gathering of individuals who share common experiences or issues, offering each other encouragement, understanding, and advice.

Being Sick

The state of experiencing illness or poor health.

Existential/Gestalt Theory

A psychological perspective focusing on personal responsibility and living in the present moment, emphasizing personal experience and the therapeutic relationship in addressing psychological issues.