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 ?
Along with incorporative memories, traumatic memories may reside in an individual's body.
If anything, this broadly incorporative method most strongly supports the view, advanced by some scholars, that the Court did not follow anything like the modern Intentionalist method during its first one hundred years.
We are not only members of the new fellowship, a corporative view, but all are also present in each member of the new community, an incorporative concept.
For Lezama, what is American would have an incorporative pathos which allows it to enrich the European, African and Eastern traditions; and entails inverting the desiring vector of colonization, thus showing the unifying power of such an incorporation through the path of desire and image, masterfully expressed in Hispano American baroque.
a powerful, incorporative, and transfigurative one" (LOW, 1998, p.
See also Castile, supra note 46 (arguing that the preservation of variation in plural societies as a step toward increasing evolutionary potential through a model of incorporative change has the special virtue of placing moral decision-making as to the nature of change in the hands of those who are to undergo the change).
The Mohican adoption of Moravian Christianity, according to Wheeler, challenges "the conventional wisdom about the role of missions in colonial American society," since "Moravian missionaries did not serve as agents of colonial power," the Mohicans of Shekomeko "did not feel compelled to adopt Christianity," and the adoption of Christian practices by Mohicans at Shekomeko "signaled neither a wholesale rejection of traditional ways nor a full embrace of Moravian piety or cultural norms" but rather the incorporative construction of an indigenous Christianity (88).
Post-Fordism is then an incorporative strategy and capital is weakened because having given way in certain respects it finds itself reliant on the mental capacities of the workforce in an unprecedented way.
His topics include psychotherapy as a four-quadrant affair, dynamic and incorporative development, per-personal identity development, later personal and trans-personal identity development, spirituality in integral psychotherapy, gender and typology, diversity, and the development of the integral psychotherapist.
ALTHOUGH CONSERVATISM is a long stream in the river of the Black Intellectual Tradition, the roots of contemporary black neoconservatives originate in the incorporative mechanisms of the Reagan regime.
Clearly the importance of geopolitical power is incorporative of both the internal and external directions of policy-making.