The company’s name is Coffee Kettle. The product that I selected is food and beverages. The company is a corporation since it expanded its operation into 64 countries and has

The company’s name is Coffee Kettle. The product that I selected is food and beverages. The company is a corporation since it expanded its operation into 64 countries and has acquired other companies, for example, Seattle’s Best Coffee, and Ethos Water. The corporation is a type of business organization whereby the investors buy shares of stock to represent their ownership, (Wolfe, 2019). Some of the advantages of corporation structure include limited liability. The shareholder is only liable up to the amount of investment. It is easy to raise capital since the company can sell shares to the public. There is no limit to the existence of cooperation since one can pass ownership from one generation to another. Some of the cons of corporate structure are that Income can be taxed twice since the corporation pays taxes on income, and the shareholder’s dividend is taxed. Another disadvantage is excessive tax filling. The legal requirement for forming of corporation business in my state includes a registered agent. The owner should fill the certificate of incorporation with the state. The state requires that the incorporator’s address, name, and signature be included, (Stout, et al., 2016). The corporation should include the number of shares of stock they wish to authorize.