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Incorporation (2)
INCORPORATION (2)

Definition: (business) The creation of a legally recognized company.
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* All seven elements should be in.


1. Purposeful to create entity.

2. Considered a necessity to legally register business.

3. Prior establishment steps - search for a name, collation of data, confirmation of shareholding, identification of shareholders, request for and collection of application forms, etc. - are started and completed correctly.

4. Application is made and submitted to the right authority.

5. Necessary search or investigation, examination or inspection, consideration or realization, etc. and applicable processes, would be conducted and completed.

6. Payment of appropriate fees, etc. and compliance with specific requirements are made.

7. Certification is given, to applicant, on confirmation that all the eligibility requirements have been satisfactorily met.
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See perfect CREATION (1).
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See perfect LEGALITY (1).

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