incorporate

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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.

incorporate

To obtain a state charter establishing a corporation. Owners of proprietorships and partnerships incorporate in order to obtain limited liability for themselves and for potential investors. The limited liability makes it easier for the firm to raise additional equity capital.

incorporate

To form a corporation by filing documents in the appropriate state authority, which may be one's own state or a corporation-friendly state such as Delaware. Once having formed the corporation,one must pay annual franchise taxes to the state for the privilege of existing as an artificial entity, and one must observe all the forms and conventions of corporate existence. In other words, the sole shareholder cannot form a corporation and then never have meetings, never sign documents in the corporate name,take all corporate money for personal use without accounting for it on the books and records of the corporation, and generally behave as if the corporation did not exist.If the shareholder(s) behave as if the corporation does not exist, then creditors may be able to pierce the corporate veil and seize assets of the individual shareholders.

References in periodicals archive ?
13,6% 3 Postgrado 9,1% 2 Desconocido 0,0% 0 Total 100,0% 22 Incorporable + educacion formal Nivel Instruccion % No Primaria 0,0% 0 Bachillerato Incompleto 20,0% 4 Bachiller 10,0% 2 TSU Inc.
Es posible, entonces, identificar que personas son plenamente incorporables al nuevo diseno organizacional e incluso aquellos que para su incorporacion requieren educacion formal o informal o el desarrollo de alguna competencia especifica exigida por la posicion que ocuparan.
A pesar de la pluralidad de actores, versiones y datos relacionados con el ataque a la aduana de Nuevo Laredo, los reporteros prefirieron recurrir a las "fuentes estables que tienden a suministrar material informativo ya facilmente incorporable en los normales procesos productivos de la redaccion" (Wolfe 1987: 250).
The word is found in both Bininj Kunwok and neighbouring Dalabon and in each of these two polysynthetic languages, the root morrdjdjanj belongs to a limited group of eligible nouns which are incorporable in the verbal complex (underlined in the following example):
Al mismo tiempo, al chocar con el poder a traves de su acceso al discurso, Manzano propone una subjetividad poco representativa, que lo lleva a ser descalificado triplemente: (1) no hay en su discurso una representatividad total "ideal" (3) del esclavo (distincion); (2) propone un sujeto no incorporable en el discurso nacional (el mulatico fino) al intentar trastocar la diferencia naturalizada que hace del "mulato" una bestia; (3) plantea una escritura que no cumple los patrones de lo que la unidad discursiva literaria exige, por lo que es descalificada tanto por los patrones de un canon espanol como por los del "canon a construir" en tanto "literatura criolla"(su discurso es aun demasiado barbaro).
This consideration of incorporable characteristics is endemic of other cases of assimilation as well.
Object of the contract include: management and construction supervision of the execution - in accordance with the design documentation - works road construction industry, storm water drainage system, the installation industry in the field of gas network, the installation industry in the field of electric power network reconstruction and installation industry in the field of telecommunication network reconstruction, supervising the work of Contractor and laboratory reporting the need for laboratory examinations by the Employer; supervision of Incorporable materials, quality control materials, control of quantity survey geodetic works to the extent necessary to determine the monthly range of works.