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Corporate Organization

15 January, 2016 - 09:36
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LEARNING OBJECTIVES

  1. Recognize the steps to issue a corporate charter.
  2. Know the states’ rights in modifying a corporate charter.
  3. Discuss factors to consider in selecting a state in which to incorporate.
  4. Explain the functions and liability of a promoter.
  5. Understand the business and legal requirements in executing and filing the articles of incorporation.

As discussed in Classifications of Corporations , corporate status offers companies many protections. If the owners of a business decide to incorporate after weighing the pros and cons of incorporation, they need to take the steps explained in this section.

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