Ace, Bob, Cat, and Dan, have all come together to start a new business venture. This happened when Bob, restaurant experience approached Ace, Cat, and Dan to get their interest in investing into a new restaurant customers in plastic bags, called Baggers! They all invest! The Baggers, Inc. is comprised of 80,000 shares. Ace trusts Bob and invests $20,000 Bob invests $10,000 Cat invests $20,000 Dan invests $20,000 They agree to be equal owners. Some questions to address regarding this venture: 1. If this were to be formed as a Corporation, what document would you file to form the corporation? 2. where would you file this document to form the corporation? With the State? Federal? City? or County? 3. What are Ace, Bob, Dan, and Cat properly referred to based upon their investment into the corporation? 4. How many shares would each investor receive in this structure as outlined? 5. What internal document would you refer to on the rules and policies of the corporation?