Explain how to organize a corporation
Learning Objective 1: Explain how to organize a corporation) Jessica Johnson and Claudia Stein are opening a Submarine’s deli. Johnson and Stein need outside capital, so they plan to organize the business as a corporation. They come to you for advice. Write a memorandum informing them of the steps in forming a corporation. Identify specific documents used in this process, and name the different parties involved in the ownership and management of a corporation.