To function, a corporation must have some capital contributed by its shareholders When capitalizing a corporation, the shareholder must provide only share capital Is this statement true Explain ...

The statement is not true A shareholder may capitalize ...

To function, a corporation must have some capital contributed by its shareholders. When capitalizing a corporation, the

Question:

“To function, a must have some capital contributed by its shareholders. When capitalizing a the shareholder must provide only share capital.” Is this statement true? 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...