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

Question:

a. The following terms pertain to the forming of a corporation:

(1) Charter

(2) By-laws.

(3) Organization costs.

Explain the terms.

b. Donna Fleming believes a corporation must be incorporated in the state in which its headquarters’ office is located. Is Donna 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...