Which of the following is true about the purpose(s) of a corporation? A) A corpo

Question

Which of the following is true about the purpose(s) of a corporation?

A) A corporation must identify all specific purposes for which it has been formed.

B) The secretary of state's office will review new filings of articles of incorporation to prevent the formation of too many corporations with identical purposes.

C) A corporation can have more than one purpose, but the purposes must be related; if they are not, the state will order the corporation split up into two or more separate corporations.

D) A corporation can have either a general purpose or a limited purpose.

E) A corporation is considered to be formed for any lawful purpose, and can therefore engage in

any legal activity.

Explanation / Answer

option C is true.

the meaning of a corporation is, a large business entity, with more business operations, which distinguish from its owners, every business entity has its own objectives and so on. hence option C is correct and the remaining are not ture with regards to corporation.

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