Company Formation
Company formation is the foundational process of establishing a new business entity. It involves legally creating a separate and distinct entity that can conduct business activities, enter contracts, and own assets. The process typically includes selecting a business structure, such as a corporation, limited liability company (LLC), or partnership, and registering the entity with the appropriate government authorities.
Company formation requirements vary depending on factors such as the jurisdiction and type of business entity chosen. Properly forming a company is essential for ensuring legal compliance, protecting personal assets, and establishing a clear framework for the business's operations and governance. Understanding the steps involved in company formation is crucial for entrepreneurs and business owners embarking on their entrepreneurial journey.