Jennifer Chen is a software developer who has been working as a freelancer for three years. She has built up a client base generating £150,000 annual revenue and wants to incorporate a private limited company to benefit from limited liability. Jennifer will be the sole director and sole shareholder. Her accountant has advised incorporation but Jennifer is concerned because she read online that companies require at least two people to form them. She seeks legal advice on whether she can incorporate alone.
Which of the following correctly describes the legal position regarding Jennifer forming a company alone?