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How to Create a Corporation

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

In order to create a corporation, a company must file a charter with the state. These papers are called:

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1. A corporation must develop a set of rules by which the company is organized and operated. These rules are called:

2. The owners of a corporation are called:

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About This Quiz & Worksheet

This quiz and corresponding worksheet gauge your understanding of the steps taken to create a corporation. You will be quizzed on the owners and managers of a corporation.

Quiz & Worksheet Goals

This quiz and worksheet combo can help you review:

  • What a corporation is
  • Steps needed to establish a corporation
  • The difference between C Corp and S Corp

Skills Practiced

This quiz and worksheet can help you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related corporation lesson
  • Interpreting information - verify that you can read information about how to create a corporation and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about the owners of a corporation

Additional Learning

To learn more about corporations, review the accompanying lesson How to Create a Corporation. This lesson will help you:

  • Define corporation
  • Learn what roles shareholders have in a corporation
  • Determine why bylaws are made
  • Identify the steps needed to create a corporation
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