Describe the characteristics, formation, and organization of a corporation

This weeks discussion will focus on how a corporation is formed and organized as well as the characteristics of a corporation. Once you understand the basics of these critical concepts, then we can move on to more advanced accounting concepts related to corporations.

Please respond to all of the following prompts in the class discussion section of your online course:

• In your opinion, what is the biggest advantage to the corporate form? What is the biggest disadvantage? Explain your rationale for each choice.
• If you were forming a corporation, who would you want to be on the Board of Directors? Why?
• Of the documents that are required to form a corporation, which do you think is the most important? Why?
• Attached is motes from the teacher on the chapter for reading this week.