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Formation and Incorporation of Companies

Formation and Incorporation of Companies

The formation and incorporation of companies involve the process of legally establishing a new business entity. Formation refers to the initial stage of setting up a company, which involves deciding on the business structure, drafting the necessary legal documents (such as the memorandum and articles of association), and determining the company’s name and registered office address. During formation, founders may also outline the company’s objectives, structure its governance, and allocate shares among shareholders.