Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
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