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

Question

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

anonymous · Answer

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).