Question

$<font size="+1"><p style="font:italic small-caps bold 18px/24px Garamond, Georgia, Times, Serif;width:200px;">What do you mean by Formation of Company?</p></font>$

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Answer 1

SOLUTION

Company formation is the process of incorporating a business. Upon incorporation, a private limited company becomes a separate legal entity; an ‘individual’ that is completely distinct from its owners and responsible for its own finances, assets and liabilities.

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