The five consequences of incorporation of a limited liability company are:

1. Separate Legal Entity: Upon incorporation, a company becomes a separate legal entity, distinct from its owners (shareholders). It can sue and be sued in its own name.
2. Limited Liability: Shareholders have limited liability, meaning they are only liable for the debts of the company to the extent of their shareholding.
3. Perpetual Succession: The company enjoys perpetual succession, meaning it continues to exist despite changes in ownership or management, such as the death or resignation of shareholders or directors.
4. Transferability of Shares: Shares of a limited liability company are generally transferable, allowing shareholders to sell or transfer their interest in the company.
5. Ability to Own Property: The incorporated company can own property in its own name, separate from the personal assets of its shareholders or directors.