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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, highlighting their distinctions. A key point is that a company functions as a separate entity from its owners and controllers, necessitating a process of incorporation. In this lesson, we will focus on the incorporation process, outlining the essential steps and requirements needed to establish a company. We will cover the general requirements for company formation as well as specific additional requirements that apply only to public companies. The lesson aims to provide a concise overview of what is needed for incorporation.
