When a Public Limited Company is incorporated it means that

When a Public Limited Company is incorporated, it means that it has a legal existence. This means that the company is recognized as a separate legal entity from its owners. The company can enter into contracts, own property, sue and be sued in its name, and incur debts. Incorporation also means that the company has to issue a statutory declaration, which is a legal document that states that all the legal requirements for incorporation have been met. This includes the appointment of directors, the issuance of shares, and the payment of registration fees. Incorporation does not necessarily mean that the company is entitled to commence business immediately or that it has been given a certificate of trading. These are separate requirements that need to be met before the company can begin trading. The shares of a Public Limited Company can be transferred, so this is not a factor that determines whether or not a company has been incorporated.