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KEY TAKEAWAYS

As a legal entity, the company must have a name that can be found in the articles of association. All jurisdictions will have rules concerning company names. Usually, a suffix such as "Inc" or "Ltd" must be used to show that the entity is a company.

Article of association

Articles of association often identify the manner in which a company will issue stock shares, paydividends, and audit financial records and power of voting rights . This set of rules can be considered a user's manual for the company because it outlines the methodology for accomplishing.