Corporations are an "entity" separate from their owners. , you will explore how corporations are formed, the different types, and the laws regulating them. Instructions: Answer the following four questions: 1. ABC Corporation obtained its Certificate of Incorporation (its Charter) from the State of Delaware. It has its headquarters and most of its employees in the State of Massachusetts. Based on this scenario, ABC Corporation is considered a Foreign Corporation in Massachusetts. True or False and explain answer. 2. What steps are required to form a corporation? 3. Explain the difference between a "for-profit" and "non-profit" corporation. 4. What are the possible consequences if a corporation does not qualify to conduct intrastate business by first obtaining a "certificate of authority" from a state it does business in?