Company formation is the process of legally establishing a business entity. It involves registering the company, obtaining necessary licenses, and fulfilling regulatory requirements. This is essential for any business operation.

Choosing the right company structure is crucial for compliance and business growth. Common types include Limited Liability Company (LLC), Private Limited Company, and Public Limited Company, each with distinct benefits.

The process of company formation ensures that the business is legally recognized and eligible to operate in the market. It also provides the company with credibility and access to resources.