What is the different between corporation and incorporation? which one is better ?
2007-02-22 04:38:55 · 4 answers · asked by Wenson L 1 in Business & Finance ➔ Corporations
Incorporation is the process of forming a corporation under the laws and statutes of a specific state. Incorporator: The person who drafts and signs the articles of incorporation. The incorporator may be personally liable for any false statements listed in the articles of incorporation.
A corporation is a legal entity (distinct from a natural person) that often has similar rights in law to those of a natural person. Civil law systems may refer to corporations as "moral persons;" they may also go by the name "AS" (anonymous society) or something similar, depending on language
2007-02-22 04:46:10 · answer #1 · answered by Kynnie 6 · 0⤊ 0⤋
A corporation has been incorporated. Someone takes their business and registers it legally to provide a legal degree of separation to protect the owners/stakeholders from creditors.
2007-02-22 12:46:26 · answer #2 · answered by Amy V 4 · 0⤊ 0⤋
to be incorporated, all it means is when the company goes belly up, they can't take your personal assets to pay company debts
2007-02-22 12:42:34 · answer #3 · answered by Anonymous · 0⤊ 1⤋
a corportation is a noun.. incorpration is a verb...
2007-02-22 12:41:20 · answer #4 · answered by tomi27410 4 · 0⤊ 2⤋