2. Jackson Building Services, Inc. is a corporation formed in New York. It has 15 shareholders, all of whom are active in managing the business.

a. The corporation would like to expand into Pennsylvania and New Jersey. May it do so?

b. In which state(s) is the corporation a domestic entity, and in which state(s) is it a foreign corporation?

c. Rather than issuing dividends to its 15 shareholders, the corporation has decided to award each of its shareholder- employees a cash bonus. Of what advantage is this, if any, to the shareholder-employees and to the corporation?

d. May the corporation act as a general partner in a limited partnership?