Sara Seller wants to form a corporation. She has a thriving business in which she buys cheap baking and cooking equipment and then re-sells it at her store at a substantial profit. Se needs some extra cash right now to buy a new store, and she does not want to risk her personal assets by taking out a loan. Therefore, Sara has decided to form a corporation. Sara would like to sell shares of her business to anybody who is willing to invest in her company, but she wants to limit the total number of shares issued to 100 shares, as she doesn't want too many people to own the company or to make ownership of her corporation overly complex. Sara's residence is 333 North St., Westerville, Old Hampshire. Her store is located in downtown Westerville, in the county of White Rock. She would like this corporation to be formed as early as possible.

First, please draft Sara's certificate of incorporation. You may use a form from any state you choose but make sure you use a state form and not a generic certificate. You may use a form from any state you choose, though we recommend using one from your home state. Second, and more importantly, please draft a short letter to Sara advising her in terms of what other immediate issues she should consider before actually going through with the plan to form a corporation. You do not need to advise her about other business forms, but you should discuss issues such as who will manage the corporation, which documents need to be prepared and filed, applicable fees, etc.

Information regarding fees and the like that cannot be found in the courseware should be found online. Please submit both documents in one file as the system will not allow you to submit two separate files for one assignment. If you are unsure how to combine files of different formats, please see the following tutorial. Thank you! https://www.youtube.com/watch?v=rdfTsf-Eg0g