Under the Revised Corporation Code, how many stockholders are required to form a corporation?

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!

Under the Revised Corporation Code, a corporation can be formed by just one stockholder. This is a significant change from previous regulations, which often required a minimum number of stockholders to establish a corporation. Allowing for a single stockholder encourages entrepreneurship and makes it easier for individuals to establish their own businesses without the need to find additional partners or investors.

This provision aligns with the broader goals of modern corporate governance, which aim to foster a more favorable environment for starting and running businesses. Moreover, it simplifies the process, making it more accessible for individuals to take the initiative in entrepreneurial endeavors. The flexibility of having just one stockholder reflects the evolving understanding of corporate structures where individuals can operate enterprises independently.

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