Commerce WAEC

A business which requires a certificate of trading in order to commence operation is a?

A. co-operative society
B. private company
C. sole proprietorship
D. public company

Correct Answer: Option D

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 is issued to public limited liability companies.

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