In a(n) ________, shareholders of the new corporation create new articles of incorporation called articles of consolidation.

A) incorporation
B) merger
C) consolidation
D) bankruptcy
E) renewal

Articles of Incorporation

Legal documents filed with a government body to legally document the creation of a corporation, outlining key aspects and regulations of the corporate structure.

Articles of Consolidation

Legal documents filed to formalize the merger of two or more corporations, resulting in a single legal entity.

Consolidation

The act of combining multiple entities, assets, or financial statements into a single entity, often for strategic, efficiency, or financial reasons.