CEVAP:

Incorporation is the process by which a new or existing business registers as a company. A company is a legal entity with a separate identity from those who
own or run it. A business cannot operate as a company until it has been incorporated under the TCC. Establishing your business as a company means there are certain legal requirements to be met under the TCC. Companies are separate legal persons who
are incorporated with the aim to make profit and who are independent of their directors and shareholders.