Forming a Formation
You, Sheila and Tony decide that starting a partnership (see Week 2 discussion question) is not necessarily in your best interest. Tony suggests that you form a corporation instead. For your post, please cover the following topics"
(a) What are the pros/cons of forming a formation?
(b) What are some of the basic steps you need to take before you can begin operating as a corporation?
(c) Based on your reading, would it make sense to incorporate in Delaware even though most of your business will take place in Pennsylvania? Why or why not? (Hint: Look at article regarding Dole Pineapple).