Question
A client is starting a new business venture and has asked you to incorporate a company. The proposed company will have ten shareholders. They have
A client is starting a new business venture and has asked you to incorporate a company. The proposed company will have ten shareholders. They have also asked you to draft a constitution. The company is not yet registered. Which of the following is correct? Group of answer choices The client must wait until the company is registered to propose a constitution. The company can adopt a constitution on registration so long as a special majority of the members provides their written consent prior to registration. The company can adopt a constitution on registration so long as all ten members provides their written consent prior to registration. The company can adopt a constitution on registration so long as a majority of the members provides their written consent prior to registration.
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