E. I. James is a writer with a best selling novel. He wishes to create a corporation called "James, Inc." He will be the only shareholder. Can James incorporate his business of writing?
A. Yes, this would be the incorporation of a sole proprietorship.
B. No, the law requires at least two people to be shareholders of a corporation.
C. No, the law does not permit a person to, in effect, incorporate himself.
D. Only if he forms an S Corporation.