What is called that legal process through which a company receives a charter and state in which it is based allows it to operate as corporation ?
Correct answer: D. Incorporation
- A. Going legal
- B. Book corporation
- C. Chartered corporation
- D. Incorporation
Explanation
Incorporation is the legal process by which a company is formed as a corporation under state law and receives its charter. A chartered corporation is the resulting legal entity, not the process itself.
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