One of the implications of the incorporation of a company is that

Assessment: JAMB UTME - Commerce - 1995 Subject: Commerce

Question 1 Report

One of the implications of the incorporation of a company is that
Answer Details
The implication of the incorporation of a company is that the company's property becomes distinguished from that of its members. In other words, the company becomes a separate legal entity from its owners or shareholders. This means that the company can own property, sue and be sued in its own name, and enter into contracts. The shareholders or owners are not personally liable for the company's debts beyond the amount of their investment, except in certain circumstances such as fraud or illegal activity.
Read lesson note on Legal Aspects Of Business (JAMB)
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