Formation and Organization – Q&A

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on August 12, 2021

1. Define company.

2. Write down four characteristics of a company.

3. Explain the formation of a company.

4. Explain the kinds of companies.

5. Define memorandum of association.

6. Define articles of association.

7. Explain the term preliminary expenses.

8. Define the term "Promotion".

9. Describe share capital.

10. What do you mean by call in arrear.

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True contributes to his own finance dictionary, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, his interview on CBS, or check out his speaker profile on the CFA Institute website.

1 thought on “Formation and Organization – Q&A”

  1. Promotion of a company means planning, its establishments, negotiation of preliminary contracts, drafting of memorandum and articles of association, prospectus and other matters relating the formation of the company or corporation. The person who initiate others in the matter of forming a company and organizing it, is known as promoter.


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