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...By ankur mittal company law lecture notes i introduction to incorporation definition of a is corporation an artificial person created human being natural legal thus has rights and obligations in the same way that does companies partnerships compared can be only certain prescribed methods most commonly registration under act partnership express or implied agreement parties requires no formalities though it common have written b incurs greater expenses at formation throughout its life on dissolution these need not excessive c distinct from members although scotland separate personality virtue s this much more limited than conferred d as little one member there upper limit membership must least two with some exceptions e shares are normally transferable so public partner cannot transfer his share without consent all other partners f entitled take part management unless they also directors every mail gmail com business provides otherwise g who director regarded agent bind actions firm whic...