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Contents Contents 1 Abstract 2 Introduction 3 a) Advantages of incorporation 4 Separate legal personality 4 Limited liability 5 Capital acquisition 5 Tax advantage 5 Credibility and prestige 5 b) Public or private company? 6 Differences between public and private company 7 Limited by guarantee 7 Unlimited company 7 c) 'Off the shelf' 8 d) Why assigning the benefits of insurance policy on the company's name? 8 Conclusion 9 Bibliographies 10 Abstract This paper examines the type of corporation which meets James's best interest. A company can be set up with or without shares available to the public, divided into the public company which is expensive to obtain and maintain, and the private company which is appreciated by most businesses to begin with. Also, there are limited and unlimited companies. In addition, a company can be classified as limited by guarantee or limited by capital shares which are in most companies' favour. These are governed in the main...

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