Jody is a recent university graduate and is having difficulties finding a job.Jody decide that she should be creating her own job by opening a fitness club.In order to achieve that objective, she needs to incorporate the business.Explain what are the legal requirements for the creation of the corporation and the by-laws of the body corporate.Present with a class example:

2.1The pros and cons of the incorporation, the Articles of incorporation and the by-laws of the body of corporate;

2.2The legal requirements in order to adopt and amend the by-laws.Explain the following rubrics of the by-laws with a class example: quorum, indemnification, interests of directors, calling and notice of meetings.

2.3Other elements of by-laws that would be used to manage the daily activities of the corporation (name the different headings) and what would you consider to be the essential elements