Question

When incorporating, a business a. may incorporate in any state it chooses. b. must incorporate in the state in which its headquarters are located. c. must incorporate in the state in which it does the most business. d. must receive the secretary of state's permission to incorporate in any state other than the one in which its corporate headquarters will be located. e. must do none of the above.

Answer 1

Answer: The correct answer is "a. may incorporate in any state it chooses."

Explanation: When incorporating, a business may incorporate in any state it chooses.

There are no limitations on the state in which a business is incorporated, therefore, each business can be incorporated in the desired state.