The proposed articles of incorporation of DEF incorporated presented for registration at the securities and exchange commission showed that there are 35 subscribers during the during pre-incorporation indicated in the subscription provision for the articles of incorporation. Be a One of the promoters' concern is the submission of registration statement as he is in doubt that the issuance may already be a public officer considering a number of pre incorporation subscribers. If you will be asked as the counsel of the proposed corporation, what would be your advise?

Answer rating: 100% (QA)

As the counsel for the proposed corporation I would advi... View the full answer