Question

Talia, Shemp and Lola formed a corporation under the name Dependable Health Solutions, Inc., and advertise their services nationwide. All stock is owned by Talia, Shemp and Lola as principals, and none was offered to anyone outside the corporation. This would be classified as a

Answer 1

Since All stock is owned by Talia, Shemp and Lola as principals, it would be classified as a municipal corporation.

What is municipal corporation?

municipal can be regarded as a corporation which is a large private corporation with many shares.

Therefore, the described corporation is a

municipal corporation because no share are sold to the public or traded on a stock exchange.

Learn more about municipal corporation at;

brainly.com/question/24186514