incorporate


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Incorporate

To formally create a corporation pursuant to the requirements prescribed by state statute; to confer a corporate franchise upon certain individuals.

incorporate

v. 1) to obtain an official charter or articles of incorporation from the state for an organization, which may be a profit-making business, a professional business such as a law office or medical office, or a non-profit entity which operates for charitable, social, religious, civic or other public service purposes. The process includes having one or more incorporators (most states require a minimum of three for profit-making companies), choose a name not currently used (nor confusingly similar) by any corporation, prepare articles, determine who will be responsible for accepting service of process, decide on the stock structure, adopt a set of by-laws, file the articles with the Secretary of State of the state of incorporation, and hold a first meeting of incorporators to launch the enterprise. Other steps follow such as electing a board of directors, selecting officers, issuing stock according to state laws and, if there is going to be a stock offering to the public, following the regulations of the Securities and Exchange Commission and/or the State Corporations Commissioner. If the corporation is non-profit, it will have to apply for non-profit status with the home state, and may, if desired, also apply to the Internal Revenue Service for federal non-profit recognition, both of which require detailed explanations of the intended operation of the organization. 2) to include into a unit. (See: corporation, stock, incorporation, incorporate by reference)

incorporate

(Form a corporation), verb affiliate, begin a corporation, charter, confer a corporate franchise upon, confer corporate status upon, create a corporation, establish a corporation, form a company, initiate a corporaaion, inserere, organize a corporation, start a corporation
Associated concepts: certificate of incorporation

incorporate

(Include), verb absorb, alloy, become a component, become an ingredient, bring together, coalesce, combine, compound, consolidate, contain, couple, cover, embody, embrace, encircle, encompass, fuse, interblend, interfuse, interlace, intermix, involve, join, meld, merge, mix, put together, take in, unite, weave, yoke
Associated concepts: incorporate by reference
See also: add, affix, annex, associate, attach, cement, collect, commingle, compose, comprehend, comprise, conjoin, consist, consolidate, constitute, contain, corporate, desegregate, digest, embody, embrace, encompass, federalize, gather, include, intangible, interject, join, merge, organize, unite
References in classic literature ?
This authoritative text is reprinted from the Library of America edition of Novels by Edith Wharton, and is based on the sixth impression of the first edition, which incorporates the last set of extensive revisions that are obviously authorial.
The examination procedures incorporate the supervisory guidance provided in the uniform agreement.
Incorporations and Liquidations: Since a business may incorporate tax-free, but corporate liquidations (necessary to convert to a partnership) are taxable, the decision to incorporate should not be taken lightly.