Asked by Alyssa Nation on May 14, 2024
Verified
The primary document needed to incorporate a business is the bylaws-the primary source of guidelines for the firm's management and operation.
Bylaws
The internal rules of management adopted by a corporation at its first organizational meeting.
Incorporate
The process of legally forming a corporation, which is a type of business entity recognized as separate from its owners.
- Learn the fundamental ideas behind the creation of a corporation and the essential nature of articles of incorporation.
Verified Answer
NB
Nyliek Brooks-AllenMay 20, 2024
Final Answer :
False
Explanation :
The primary document needed to incorporate a business is the Articles of Incorporation, which outlines the basic information about the company, such as its name, purpose, and structure. Bylaws, on the other hand, detail the internal rules and procedures for the company's operation.
Learning Objectives
- Learn the fundamental ideas behind the creation of a corporation and the essential nature of articles of incorporation.