... that it may own its own property. On the other hand, the Company Act 1985 says: 'companies are corporate bodies formed by registration.' A company has a separate legal personality distinct from that of its members and directors so companies may also enter contracts and sue or be sued in their own name. The delivery of certain documentation to the registrar of companies in Edinburgh is essential. These documents include a Memorandum of Association and Articles of Association. Forming a company involves greater publicity and expense than entering into a partnership. Memorandum of Association: this document sets out a company's constitution. The essential clauses are the following: * The name of the company * If the company is to be a Public company, it must be stated that: 'The company is to be a Public Company'. * The situation of the company's registered office; * The objects of the ...

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