Corporations must reorganize or close down when its original founders leave.
Answer: Option C.
<u>Explanation:</u>
A corporation is an association—typically a gathering of individuals or an organization—approved by the state to go about as a solitary element and perceived in law for specific purposes. Early consolidated substances were set up by contract. Most wards presently permit the making of new companies through enrollment.
A corporation is, from a certain point of view, possessed and constrained by its individuals. In a business entity the individuals are known as investors and every one of their offers in the proprietorship, control, and benefits of the partnership is controlled by the bit of offers in the organization that they claim.
