what does "inc" or "incorporated" mean?

Question

we are looking at types of business ownerships such as Limited companies, and have come across Incorporated. What does this mean?

Answer 1

Legal state of existence signifying that a corporate entity has been recognized; that is, a legal entity has been authorized by a state or other political authority to operate according to the entity's approved articles of incorporation or charter. Incorporated entities share basic attributes: an exclusive name, continued and independent existence from shareholders or members, paid-in capital, and limited liability.

Answer 2

The process of forming a company. Incorporation is carried out by lodging the necessary documents - memorandum and articles of association, notice of registered office, list of directors - with the Australian Securities Commission and paying the required fees and stamp duty. The date shown on the certificate of incorporation is the date from which the company exists with corporate status. Means a company is Incorporated, and the owners have limited liability. In the United States, companies can be registered in any of the 50 states -- many of the bigger corporations are registered in Delaware due to various regulations. Incorporation in the United States is very easy, and can be done for minimal fees.

Answer 3

Incorporated or Inc. is much the same as Limited but it's the American equivalent. It means that there are shares issued and it's not a sole trader. See the link.

Answer 4

It means that the company has been incorporated, or is recognized as a corporation in one state or another. Corporations (that functions in the United States) have to be registered with their home state's (or the state they will--supposedly--operate from) Department of State; in registering, the corporation's name must reflect its corporation status (by either including the word "corporation" or "incorporated" or "company" into its official name).

There are many types of corporations (S-class, regular schedule or C-class, not-for-profit, etc.), each with their own requirements, benefits, and tax definitions. You can learn more about them by visiting the IRS website at www.irs.gov or by going to your state's Department of State website.

I hope that helps.

Answer 5

To be formed or united into a whole. A business is incorporated when it has been granted a charter legally recognizing it as a separate entity having its own privileges, rights, and liabilities distinct from other businesses and persons.

Answer 6

Main Entry: 1in·cor·po·rate
Pronunciation: in-'kor-p&-"rAt
Function: verb
Inflected Form(s): -rat·ed; -rat·ing
Etymology: Middle English, from Late Latin incorporatus, past participle of incorporare, from Latin in- + corpor-, corpus body -- more at MIDRIFF
transitive verb
1 a : to unite or work into something already existent so as to form an indistinguishable whole b : to blend or combine thoroughly
2 a : to form into a legal corporation b : to admit to membership in a corporate body
3 : to give material form to : EMBODY
intransitive verb
1 : to unite in or as one body
2 : to form or become a corporation

Answer 7

In the US the types of companies are:
Sole Proprietorship
Partnership
Limited Liability Corporation (LLC)
and Corporation (Called a "C" Corp"

The differences involve how taxes are paid, and how the owners are liable or protected. For example the owner a sole prop is completely and personaly liable form his/her own personal property or finances if his/her business is sued. And also has to pay taxes on all income.

The owner of a Corporations' personall assets cannot be attached if the business is sued. And he/she pays taxes only on what income they take out of the business and the business itself pays taxes on it's profits also.

Answer 8

Investors, who are also known as silent partners, form part of a company. Thusly, INC. These partners make money from the company but have no say in the everyday operations of that company

Answer 9

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My name means "artful and creative". At least my mom says that that is what the baby book said. lol. Uhm, because...Our names give us a sense of identity in the physical world, and our souls are the source of our identity in the spiritual world. Therefore, in a spiritual sense, to be aware of one's own identity is to be aware of the nature of their own soul.

Answer 10

1. To form into a body; to combine, as different ingredients. into one consistent mass.

By your leaves, you shall not stay alone, Till holy church incorporate two in one. --Shak.

2. To unite with a material body; to give a material form to; to embody.

The idolaters, who worshiped their images as golds, supposed some spirit to be incorporated therein. --Bp. Stillingfleet.

3. To unite with, or introduce into, a mass already formed; as, to incorporate copper with silver; -- used with with and into.

4. To unite intimately; to blend; to assimilate; to combine into a structure or organization, whether material or mental; as, to incorporate provinces into the realm; to incorporate another's ideas into one's work.

The Romans did not subdue a country to put the inhabitants to fire and sword, but to incorporate them into their own community. --Addison.

5. To form into a legal body, or body politic; to constitute into a corporation recognized by law, with special functions, rights, duties and liabilities; as, to incorporate a bank, a railroad company, a city or town, etc.