One of the major effects of incorporation (the creation of a company)is that:

Question

Quizplus · Accepted Answer

The creation of a company through incorporation results in the company becoming a separate legal entity distinct from its directors and shareholders. This means that the company can own property, sue and be sued in its own name, and incur debts in its own name without directly affecting the personal assets or liabilities of its directors and shareholders.

One of the Major Effects of Incorporation (The Creation of a Company)is