BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Incorporation is the broad term to describe a business registered with a state to become a separate legal entity. That business entity often is owned by shareholders (even if it is a single-member owned corporation) that may also be overseen by a board of directors.

Detailed explanation-2: -A separate legal entity is a person recognised by law-a “legal person". The entity has its own legal rights and obligations, separate to those running and/or owning the entity. A company has a distinct entity and is independent of its members or people controlling it.

Detailed explanation-3: -Certificate of incorporation is a legal document required at the time of company formation. It is said to be a license to form a company, issued by the state government.

Detailed explanation-4: -A Legal Entity is an individual, group of persons, or organization that has legal rights and obligations related to agreements, contracts, payments, penalties, etc. The term Legal Entity refers to any organization which is constituted as per the regulations and laws under the Government of India.

Detailed explanation-5: -A corporation, sometimes called a C corp, is a legal entity that’s separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable. Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures.