To bring one into existence, founders prepare a document on a form supplied by the state. That document is the:
ABill of lading
BArticles of setup
CDeed of transfer
DNotice of dispatch
Answer & Solution
Correct answer: B. Articles of setup
1. It is filed at formation.
2. The state supplies the form.
3. They are the articles of setup.
_Source: OpenStax Introduction to Business, Chapter 4, Forms of Business Ownership._
Keep practising Forms of Business Ownership
Browse all Forms of Business Ownership questions for Commerce / Business Admin — Uganda, or explore more Commerce topics.