Incorporators of a corporation are defined as?

Study for the Revised Corporation Code test. Prepare with comprehensive multiple-choice questions and detailed explanations. Boost your knowledge and confidence for your exam day!

Incorporators of a corporation are defined as individuals who start the corporation. This definition encompasses anyone who takes the initiative to form the company, which can include individuals who are shareholders, members of the board, or other founders. The primary role of incorporators is to file the Articles of Incorporation with the appropriate state authority, thereby allowing the corporation to come into existence legally.

The significance of the role of incorporators lies in their responsibility for establishing the corporation's framework and ensuring compliance with legal requirements. Unlike employees, who are hired to work within the corporation, or stockholders, who may invest in the company but not necessarily be involved in its formation, incorporators take the first step in organizing and creating the corporate entity.

The definition also makes it clear that while board members can be incorporators, their participation is not limited to individuals who will serve in governance. Therefore, the correct answer reflects the broader understanding of who can be involved at the inception of a corporation.

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