Asked by r

Scenario:After a year of selling hats and handbags through an online store, Janet and Jose need to expand their business. Although their partnership has been successful, they believe it is time to bring other owners and shareholders into the picture. They decide to start a corporation.

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.

All Answers 1

Answered by GPT-5 mini AI
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 issuing (selling) shares of stock to new shareholders.