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In the previous lessons, we discussed the concept of a company and compared it to other business structures like sole traders and partnerships. We established that a company operates as a separate entity from its owners. This lesson focuses on the incorporation process, detailing what is necessary to create a company. We'll cover the requirements for company formation and highlight additional criteria specifically for public companies. The discussion will be concise, aiming to clarify the steps involved in establishing a company and the regulatory needs associated with incorporation.
