Duties of Separate Legal Existence

A company, after being incorporated, is considered as a separate person in the eyes of the law and the court of justice. Hence, the company is considered separate from its shareholders and the owners.

●      It has the right to sue and the company can be sued just as a natural person.

●      The liabilities of the owners and shareholders of the corporation are only limited to the value of shares invested in the specific company.

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