What information is contained in the incorporation application?

Prepare for the Professional Legal Training Course Company Law Exam with flashcards and multiple choice questions. Each question comes with hints and explanations for effective learning. Get ready for your exam!

The incorporation application is a crucial document that serves to formally register a new company. It primarily contains essential information that identifies the company and outlines its fundamental structure. The inclusion of a "completing party statement" ensures proper identification of who is applying for the incorporation and the recognition of the legal entity being formed, which is often referenced as the "name of the company."

This information is vital as it allows regulatory bodies to process the application and maintain accurate records of company formations. The name of the company, which must be unique and not infringe on existing trademarks or business names, is central to the company's legal identity. Without this detail, the incorporation process cannot proceed.

In contrast, the other options do not belong in the incorporation application. Financial statements such as profit and loss statements or balance sheets are typically not required at this stage; these documents are more relevant to the ongoing operations of a company and would generally be requested later for tax or financial reporting purposes. Additionally, specific employee names and addresses are not required to establish a company during the incorporation phase. Thus, it's clear that option C correctly encapsulates the necessary information contained within the incorporation application.

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