To incorporate a new company, several steps must be taken including selecting a name, checking for name availability, filing forms such as Form 1, 18 and 32, drafting and signing memorandum and articles of association, paying stamp duty and fees, and obtaining a certificate of incorporation. Additional steps are required for public companies, such as filing a prospectus or statement in lieu of prospectus and obtaining a commencement of business certificate. Part IX companies must also file Forms 37 and 39 in addition to the standard forms.