What is incorporation?

Answer by  nuttree (1596)

A corporation is a legal entity that is treated legally as a person in some ways, with a legal identity separate from its founders and owners. "Incorporation" is the process by which a corporation is organized and granted legal recognition by the government.

Answer by  Worksforme (467)

It just means you have formed a new corporation. By doing this you are protected from loosing your home or other personal items if the business should have to file for bankruptcy or have been sued by someone.

Answer by  Samantha64 (120)

It is the creation of company that can own things, do business, sue and be sued, protecting owners of the corporation from liability for the corporation's actions.

Answer by  vidhyaashok (19)

A document filed with a state by the founders of a corporation. It means that the cooperative becomes a legal entity. Cooperative has the same rights as a natural person:

Answer by  H797H (157)

The government recognizes a company as a corporation. This means the government gives the company a charter, thus incorporating the company. This is the birth certificate to this corporate entity.

Answer by  yarniechick (118)

Incorporation is one of many registered statuses of a business in the US. Business's commonly incorporate to protect the finances of the companies owners, and create a better situation for tax liability. A business must file with the IRS and their state to become incorporated. You can purchase kits to file, or work with a business attorney.

Answer by  bitchstewie (489)

Incorporation refers to an entity that is incorporated or essentially a business. You hae to file with the state to receive incorporated status. it goes to how you pay taxes onyour income.

Answer by  Jessie124 (1885)

It means the forming of a new corporation, which is a business that has a legal entity. Incorporating a small business can protect the owners from frivilous lawsuits, as well as protect their house and savings. Also, in America, corporations have a lower tax rate. Corporations also are given their own credit ratings.

Answer by  patrickc (21)

Incorpation is when a number of different things are gathered into a single item or into a single group or groups.