A business which requires a certificate of trading in order to commence operation is a?...
COMMERCE
WAEC 2018
A business which requires a certificate of trading in order to commence operation is a?
- A. co-operative society
- B. private company
- C. sole propietorship
- D. public company
Correct Answer: D. public company
Explanation
A certificate of incorporation is a legal document relating to the formation of a company or corporation. It is a license to form a corporation issued by state government or, in some jurisdictions, by non-governmental entity/corporation. Its precise meaning depends upon the legal system in which it is used. also known as the birth certificate of a company. A certificate of incorporation are issued to public limited liabilty companies.
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