Question

Use the drop-down menus to complete the statements.
To begin their corporation, they must first
.

Now that their business has become a separate legal entity, Janet and Jose are
for the company's debts.

As a corporation, they can raise capital by
to new shareholders.

Answer 1

To begin their corporation, they must first file articles of incorporation.

Now that their business has become a separate legal entity, Janet and Jose are not personally liable for the company's debts.

As a corporation, they can raise capital by selling stock to new shareholders.