(a) The following terms pertain to the forming of a corporation: (1) Charter, (2) By-Laws, and (3)...

Question:

(a) The following terms pertain to the forming of a corporation:

(1) Charter,

(2) By-Laws, and

(3) Organization costs. Explain the terms.

(b) Linda Merando believes a corporation must be incorporated in the state in which its headquarters office is located. Is Linda correct? Explain.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...