1. What is the only function of an incorporation of a business?
To serve as the corporation's first CEO
To issue public offerings of stock
To bring a corporation into existence
To act as attorney in fact on a permanent basis for the business
2. Which of the following is required to be included in the articles of incorporation of a for profit corporation?
The number of shares a corporation is authorized to issue.
The procedures for maintenance of share records.
The standards for declaring dividends.
The procedures for calling special meetings of shareholders.