Forming a Formation

Posted on Posted in Law, Negotiation

Week 4 Discussion

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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).

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