Question

Explain the process of formation of a business company​

Answer 1

Answer:

The major steps in formation of a company are as follows: Promotion stage. Registration stage. Incorporation stage.

Answer 2

The formation of a company is a lengthy process. For convenience the whole process of company formation may be divided into the following four stages: 1. Promotion Stage 2. Incorporation or Registration Stage 3. Capital Subscription Stage 4. Commencement of Business Stage.