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57) The document filed with the state that begins the incorporation process in most states is called theA) declaration of incorporation.B) articles of incorporation.C) certificate of incorporation.D) statement of incorporation.58) Creation and internal governance of corporations is governed by59) Dissolving a limited partnership requires:60) Micro bonds appeal to small business ventures that wish to take advantage of bond financing in the ________ range.61) Corporate officers areA) appointed or elected by the board.B) appointed by the board and ratified by the shareholders.C) elected by the shareholders and ratified by the board.D) elected by the shareholders.62) Roger is a limited partner in a business. To retain his limited liability protection, he must not63) Penalties for violations of the Securities Act of 1933 may include each of the following except64) Stefan has opened a sole proprietorship bicycle shop. The business shows a net income of $100,000. Stefan took a salary of $40,000. The remaining money is left in the bank.65) The safe-harbor exemption from SEC regulations involvesA) nonpublic offers to a limited number of sophisticated investors who already have business relationships with
B) nonpublic offers to a limited number of sophisticated investors who privately negotiate their securities
C) offerings with specified dollar limitations and/or limitations on the number of accredited investors.
D) offerings with specified dollar limitations and/or limitations on the number of nonaccredited investors.