2006-11-29 12:33:10 · 4 answers · asked by Anonymous in Business & Finance ➔ Corporations
when a business is a corporation or incorporated....
2006-11-29 12:36:45 · update #1
A corporation is a business that is incorporated. Incorporation is the process by which the business becomes incorporation.
Incorporation is a process by which a business becomes its own legal entity, separate from the owners.
2006-11-29 12:41:10 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
A corporation is Incorporated. It is like two different uses from a noun to a verb of the same concept. But there are some differences in the definition from state to state. If you incorporate as XYZ Inc. you can legally name yourself XYZ Corporation or XYZ Corporation Inc. That said there are different levels of corporations. Sub Chapter 'S' in New York is for companies that are smaller, where a full Chapter 'C' corp is when you grow to be larger. Choose carefully and ask many people which is best for you in your state.
2006-11-29 20:39:51 · answer #2 · answered by New Millennium Minds 3 · 0⤊ 0⤋
Incorporation are the actions relative to forming a corporation. Filling out the necessary paperwork, payment of required fees, and submitting all of this to the Secretary of State is generally all that is needed to incorporate. The Secretary of State issues a Certificate of Incorporation and, Poop, There it is! You just formed yourself a corporation/
2006-11-29 20:44:19 · answer #3 · answered by wfclyon 1 · 0⤊ 0⤋
One is the end result and the second is the action that leads you to that end result. Incorporation(verb) is the process you have to undertake in order to become a Corporation (noun/thing/entity),
2006-11-29 23:32:33 · answer #4 · answered by mobunyad 1 · 0⤊ 0⤋