Following are the main stages of promotion: 1. Discovery of an Idea 2. Detailed Investigation 3. Assembling 4. Financing the Proposition. Stage # 1. Discovery of an Idea: When a person or persons get an idea that there is the possibility of starting a new business to take advantage of the untapped natural resources or a new invention, discovery of [...]
In order to get a company registered or incorporated, the following procedure is to be adopted: (A) Preliminary Activities: Before a company is incorporated, the promoter has to take decision regarding the following: 1. To decide the name of the company: A company may adopt any name it likes provided the name does not closely resemble with the name of [...]
The formation of a company is a lengthy process. For convenience the whole process of company formation may be divided into the following four stages: 1. Promotion Stage 2. Incorporation or Registration Stage 3. Capital Subscription Stage 4. Commencement of Business Stage. Stage # 1. Promotion Stage: Promotion is the first stage in the formation of a company. The term [...]