Description
For this assignment, you will determine whether a corporation has been properly incorporated.
By successfully completing this assignment, you will demonstrate your proficiency in the following course competencies and assignment criteria:
- Competency 2: Recognize the various forms, requirements, and limitations of business organizations.
- Identify the legal requirements for forming a corporation.
- Determine whether a corporation has met all legal requirements to be incorporated.
- Competency 6: Communicate professionally, according to the expectations of the field of accounting.
- Express main points, arguments, concepts, and information coherently and logically.
Assignment Instructions
Analyze Business Case 39-5, "Improper Incorporation," located on page 778 of your textbook. Prepare a professional-caliber brief on the case.
Based on the case information provided:
- State the facts of the case and the key issues.
- Cite the code or statute provisions applicable to the case.
- Determine whether the corporation has met all legal requirements to be incorporated, and explain your reasoning.
- Express your main points, arguments, concepts, and information coherently and logically.
To support your brief:
- Identify the legal requirements for forming a corporation, and cite relevant law.
Additional Requirements
- Cover page: Include your name, the assignment number, and the assignment or case title.
- Length: 1–2 double-spaced pages, not including the cover page.
- Font and font size: Times New Roman, 12-point.
- APA formatting: Format resources and citations according to current APA guidelines.
Explanation & Answer
Attached.
Running Head: IMPROPER INCORPORATION
Improper Incorporation
Student
Date
1
IMPROPER INCORPORATION
2
Denise Rubenstein and Christopher Mayor Company Bayshore Sunrise Corp, (BSC)
formed in New York was supposed to rent premises and operate a Laundromat. This is according
to the article of its incorporation which clearly defines what the company is supposed to do; the
location of the company that is the area of operation; its scope of operation and for this matter
how much is at hand to operate the business (Berlack, 1936). The necessary licenses, registration
certi...