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What is the legal status of a company after incorporation?

Posted by jobseeker Lavanya Bhardwaj | Approved
Answers (1)

After incorporation, a company gains the legal status of a separate legal entity, distinct from its owners (shareholders). This means the company can own property, enter into contracts, sue or be sued, and has perpetual succession, all in its own name. It's essentially treated as an artificial person under the law.

Answered by jobseeker Garima Rajput | Approved

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