Incorporation is a process by which a new or existing business registers as a limited company. To operate as a limited company in the UK a business must be incorporated by a UK government official on the Registry of Companies at Companies House under the Companies Act 2006. Which of the following statements is true? A company is a legal entity with a separate identity to those who own or manage it. There is no regulation that requires a limited company to make financial reports available to owners and lenders. There is no regulation that requires annual financial reports to be lodged with Companies House (who registers companies)