Incorporating your business has many advantages

By Sally Penrose

Incorporation describes the process of forming a new legal entity (a company) that is recognised at law as a separate legal person.

A company is treated as separate and distinct from its owners (shareholders) and from those who carry on its operations (directors). A company can buy and sell property, contract with others and bring lawsuits all in its own name.

In Bermuda, the law governing the incorporation of a limited liability company is set out in the Companies Act 1981…

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