Incorporation


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Related to Incorporation: articles of incorporation

Incorporation

A legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation.

Incorporation

The process by which a business becomes a legal entity separate from its owner(s). Incorporation presents a number of advantages: becoming a separate legal entity means that the business itself makes or loses money, which protects owners from liability for its debts. Likewise, a corporation is taxed on its earnings separately from its owners, and, in many countries, the corporate tax rates are lower than personal tax rates. The process of incorporation involves writing articles of incorporation and registering them with the appropriate government entity in order to receive a corporate charter, which confers corporate legal status.

Incorporation.

When a business incorporates, it receives a state or federal charter to operate as a corporation. A corporation has a separate and distinct legal and tax identity from its owners.

In fact, in legal terms, a corporation is considered an individual -- it can own property, earn income, pay taxes, incur liabilities, and be sued.

Incorporating can offer many advantages to a business, among them limiting the liability of the company's owners. This means that shareholders are not personally responsible for the company's debts. Another advantage is the ability to issue shares of stock and sell bonds, both ways to raise additional capital.

You know that a business is a corporation if it includes the word "Incorporated" -- or the short form, "Inc." -- in its official name.

incorporation

see COMPANY FORMATION.

incorporation

see COMPANY FORMATION.
References in periodicals archive ?
The promoters of a company would only require submitting a combined application that contain three options of name for proposed company and incorporation application with model memorandum of association and articles of association.
With the progression of our Fifth Medium-term Business Plan which started in fiscal 2015, we will modify' Article 2 (Purposes) of the current Articles of Incorporation to facilitate the diversification and future development of our Group's business activities, and to align our business purposes with our current operations.
The last section of Article 12 of the 1984 Law states 'However, during the incorporation period, the company shall have a corporate personality up to the extent required for its incorporation'.
Whether undertaking a nontaxable or taxable incorporation, two significant issues should be considered before claiming the insolvency exclusion: (1) the extent to which Sec.
The aircraft completed an eight-month change incorporation programme and is now scheduled to go through final preparations in Everett ahead of its delivery to Japan Airlines (JAL).
Direct Incorporation will offer three web hosting packages with prices tailored to startups and small businesses.
1) Incorporation of JI Asia (Holdings) Limited in England as a 100% owned subsidiary of Japaninvest Group plc to be the holding company for the JI Asia business.
Olaf Landsgaard, a board member of the Southern Kern Unified School District and an attorney, said the idea of shooting for an incorporation effort this year is probably moot.
It aids in processing elastomers by increasing green tack and rate of incorporation of fillers, and improves knitting.
If the promoter wants to have third-party investors invest in at the time of incorporation, he/she must designate a special bank account in Japan ("Betsudan Ryokin") to which the subscription proceeds will be paid.
Alongside its descriptive and explanatory claims, the book also addresses normative concerns about the uneven incorporation of ethnic minorities in all three societies, and the impact of both race-conscious and formally color-blind policies on the ability of non-Whites to participate fully as citizens.
Connecticut, in which it had "created" the concept of a "zone of privacy," using mainly the Ninth Amendment to create this "zone," and then it applied its ruling to all of the states using the incorporation doctrine, thereby overturning all of the states' anti-abortion laws.