Corporation law midterm exam

11232, otherwise known as the “Revised Corporation Code of the Philippines” or “RCC”, was signed into law by President Rodrigo Duterte on 20 February 2019.
The RCC took effect on 23 February 2019, following the completion of its publication in the Manila Bulletin and the Business Mirror.
How do you organize a corporation?
Contents
1. Choose a business name
2. Register a DBA
3. Appoint directors
4. File your articles of incorporation
5. Write your corporate bylaws
6. Draft a shareholder agreement
7. Hold initial board of directors meeting
8. Issue stock
How long is the corporate term?
To Summarize the rules on corporate term:
New corporations have a perpetual term of existence unless they elect a specific term.
Existing corporations automatically carry the perpetual term unless they choose to retain their specific term..
What is the meaning of stock corporation?
A stock corporation is a type of for-profit company.
Each of its shareholders receives part ownership of the corporation through their shares of stock.
A stock corporation is a type of for-profit company.
Each of its shareholders receives part ownership of the corporation through their shares of stock..
As a separate legal entity, the corporation has a perpetual life.
This means that it can continue as an entity indefinitely until the shareholders/owners choose to dissolve it.
A corporation continues to exist even after the death, incapacity, or withdrawal of shareholders, directors, or officers.

How do you organize a corporation?