Missile1945
Junior Member
What is the name of your state (only U.S. law)? Indiana
I'm a high school student taking a class called Industrial Design and Enterprise. This semester, we'll be starting a corporation, making a couple of products and selling them for profit. I've been put in the Finance Department and effectively run it. My most recent task was to create a stock certificate, as we intend to sell stock. I completed this, then set myself to filling out the Articles of Incorporation.
However, my teacher said he doesn't actually intend to file them. It seems like this would make the situation a mess. I'm not sure how we'd be able to sell stock if the corporation doesn't exist, and I think that running a business without doing that would be illegal. On the other hand, I'm not sure how we could create a legitimate business, since it would automatically cease to exist in May when the class ends. Thoughts?
I'm a high school student taking a class called Industrial Design and Enterprise. This semester, we'll be starting a corporation, making a couple of products and selling them for profit. I've been put in the Finance Department and effectively run it. My most recent task was to create a stock certificate, as we intend to sell stock. I completed this, then set myself to filling out the Articles of Incorporation.
However, my teacher said he doesn't actually intend to file them. It seems like this would make the situation a mess. I'm not sure how we'd be able to sell stock if the corporation doesn't exist, and I think that running a business without doing that would be illegal. On the other hand, I'm not sure how we could create a legitimate business, since it would automatically cease to exist in May when the class ends. Thoughts?
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