Business Law
Business Law
Introduction
Incorporating a company, much like it is to incorporate any other business, requires following a certain legally enforceable procedure. The procedure of incorporating a company is quite long compared to that of having a sole proprietorship registered. The difference in the complexity of the incorporation procedure comes as a result of the fact that a company, unlike all other forms of business, is a legal entity. A legal entity is a body with legal personality. A company is said to be having legal personality in the sense that, legally, a company is recognized as a person having rights similar to those of a natural person (Brough, 2005). It ...