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In the previous lessons, we examined the concept of a company and compared it to other business structures like sole traders and partnerships. We noted that a company operates as a separate entity from its owners and managers, which necessitates a process of incorporation. In this brief lesson, we will outline the steps involved in the incorporation process, including the requirements needed to establish a company. Additionally, we will discuss specific criteria that apply only to public companies. The focus will be on providing a clear understanding of what is needed to create a company and the key requirements for company formation.
