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Incorporate

Definition - What does Incorporate mean?

Incorporate in simple business terms can be defined as the legal process involved in the formation of a corporation. Incorporation laws are different in each state. The process is a complex one and has a number of stages like electing officers, creating the articles, issuing stocks, etc.

Justipedia explains Incorporate

When someone chooses to incorporate a business, it is important to choose a name which is not already acquired or is similar to an existing name, prepare articles of incorporation, adopt a set of bylaws, and perform any other tasks as required by state law. In the case of not-for-profit business, the application should be filed for non-profit as the Internal Revenue Department needs complete information on the intended operations.

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