What does it mean to incorporate?
Incorporating a business means turning your sole proprietorship or general partnership into a company formally recognized Ministry of Corporate affairs. When a company incorporates, it becomes its own legal business structure set apart from the individuals who founded the business. Through incorporation, the company's owner or owners create a separate legal entity to transact business. This new business entity corporation or limited liability Partnership Company (LLP) transforms the way the business is seen through the eyes of the law and often has more credibility with potential customers, vendors and employees.