Liabilities and Stockholders Equity In this discussion you must address the two scenarios below Your friend Jay Strawman cannot understand

Liabilities and Stockholders’ Equity
In this discussion, you must address the two scenarios below;
Your friend Jay Strawman cannot understand how the characteristic of corporate management is both an advantage and disadvantage. Please clarify this issue for Jay.
Jay believes a corporation must be incorporated in the state in which it headquarters office is located. Is he correct? Please explain.