Most states have legal restrictions that prevent individuals from incorporating. Correct Answer: Explore answers and other related questions.True or False: Most states have legal restrictions that prevent individuals from incorporating. False. True or False: A legal entity with authority to act. LJ Gitman · 2018 Most states base their laws for chartering corporations on the Model Business. A firm does not have to incorporate in the state where it is based and may. The appeal of Delaware and Nevada · Delaware’s corporation and LLC laws are considered the most flexible in the country. · The Court of Chancery has expertise in. In most states, the document is known as the articles of incorporation, and in most states it needs to be filed with the Secretary of State.
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