English Company Law – Incorporation of Companies ( Key Summary)
Companies (and limited liability partnerships) are founded through a formal process known as 'incorporation.' The great majority of companies are formed through registration, which entails filing certain documents with Companies House. A company has many of the same rights as a natural person, including the ability to engage into contracts, own property, and initiate legal processes. The members' liability will be limited in the great majority of companies. A company has corporate personality, which means it is a person in the eyes of the law. Where a statute so provides, or where a company is interposed in order to evade or impede the enforcement of a legal obligation, the courts can set aside a company's corporate personality. Companies might be found accountable for civil wrongdoing or guilty of criminal activity.
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