Which of the following statements about corporations is false?

The statement indicating that corporations do not need to follow state regulations is false because corporations are subject to various state and federal laws. Each state has its own set of regulations governing corporations, which may include stipulations regarding formation, operation, reporting, and governance. These laws are essential to ensure that corporations operate fairly and transparently, protecting both shareholders and the public.

In addition to state regulations, corporations must also comply with federal laws, such as those enforced by the Securities and Exchange Commission for publicly traded companies. Compliance with these regulations is vital for maintaining the legal status of the corporation and ensuring that it fulfills its obligations to stakeholders, including shareholders, employees, and customers. The correct understanding of a corporation's legal framework entails recognizing that it operates within a comprehensive regulatory environment designed to maintain order and protect interests in business activities.