Commentary

41 Creating a separate legal personality

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

41 Creating a separate legal personality

| Commentary

C: FORMATION OF THE BUSINESS VEHICLE

1: INTRODUCTION TO FORMATION OF THE BUSINESS VEHICLE

41 Creating a separate legal personality

One of the problems of using a separate legal entity as a vehicle for a new business is that this entity needs to be created1. For a limited liability company, this will usually involve registration under the companies legislation2, although in many cases the proprietors of the new business may find it more convenient to buy an already existing company from a firm of law stationers ‘off the peg’. Both of these options are considered in

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