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Economics - Financial Markets
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What is a certificate of incorporation? A. taxes a stockholder pays B. a license to form a corporation C. a report filed with the CFO D. stocks equal to a majority interest
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B. a license to form a corporation. This is issued by the SEC upon approval of application to form a corporation (requires the submission of articles of incorporation, by-laws, and in most instances a certification from the corporate secretary that a required percentage of the outstanding number of stocks have been subscribed and how much of the subscription has been paid).
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