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In the previous lessons, we discussed business structures, particularly companies, and contrasted them with sole traders and partnerships. A company operates as a separate entity from those who manage it, necessitating a process known as incorporation. In this lesson, we will focus on the incorporation process itself, detailing what is required to establish a company. We will outline the necessary steps and components for company formation, including specific requirements unique to public companies. This overview will provide a clear understanding of how to create a company efficiently.