1. How is company formed and promoted?
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It is the first stage in the formation of a company. It begins with a person or a group of persons having thought of or conceived a possible future business opportunity and then taking an initiative to give it a practical shape by way of forming a company.
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Answer:
It is the first stage in the formation of a company. It begins with a person or a group of persons having thought of or conceived a possible future business opportunity and then taking an initiative to give it a practical shape by way of forming a company.
Explanation:
The major steps in formation of a company are as follows:
Promotion stage.
Registration stage.
Incorporation stage.
Commencement of Business stage.
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