Question

write three effect of incorporation of company​

Answer 1

Answer:

An incorporated business is a legal entity unto itself (leading to the odd notion of "corporate personhood"). As such, it is the business itself that takes on legal responsibilities, while the individual owners and managers of the business are shielded from such liability.

The company becomes the owner of its property and the Promoters of Shareholders have the right to share in the profits of the company. The company can sue and can be sued in its own name.

Explanation:

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