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Q2: Owners of a partnership decide to convert it into a corporation. Explain the full process from initiation to conversion (steps 1 - 4) and

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Q2: Owners of a partnership decide to convert it into a corporation. Explain the full process from initiation to conversion (steps 1 - 4) and fill the spaces with suitable words: Step 1: A should include at least: study needs to be developed.lt Step 2: The company owners should partner with an bank which will do the following: Step 2.1: Review the study and fine-tune it Step 2.2: If convinced, submit the documentation to the relevant in the country Step 2.3: If approved, the bank should launch an method or using the Step 3: Then, a shareholders is elected by the Step 4: The Board of Directors hires executive to run the company on

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