Incorporation of Companies & NGOs
Incorporation is the legal process used to form a corporate entity or company. A corporation is a separate legal entity from its owners. … It is the process of legally declaring a corporate entity as separate from its owners.
In other words, An incorporated business (also called a corporation) is a type of business that offers many benefits over being a sole proprietor or partnership, including liability protection and additional tax deductions. Forming a corporation also allows you raise capital through sale of shares of your company.
An incorporated company, or corporation, is a separate legal entity from the person or people forming it. Directors and officers purchase shares in the business and have responsibility for its operation. Incorporation limits an individual’s liability in case of a lawsuit.