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KembaraXtra – Legal Terms – Incorporation
Incorporation is the legal process by which an organization is granted a separate legal personality distinct from its members. Once incorporated, a company can own property, enter contracts, sue and be sued in its own name, and incur liabilities independently. Incorporation also limits the personal liability of members and plays a central role in modern commercial and corporate law.
Incorporation is the legal process by which an organization is granted a separate legal personality distinct from its members. Once incorporated, a company can own property, enter contracts, sue and be sued in its own name, and incur liabilities independently. Incorporation also limits the personal liability of members and plays a central role in modern commercial and corporate law.
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