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 periodicals archive ?
Avoiding double taxation: When an incorporator transfers an asset to a corporation under Sec.
The bank hired a market research firm to conduct in-person interviews with customers, employees and bank advisers, including incorporators and community small-business leaders.
Schissler, who was one of KulshanCLT's incorporators in 1999 and was its first executive director, proposed a succession plan in February that recommended Fearing for the executive director position.
In 1974, he returned to North Carolina as one of the initial incorporators of Garrett and Davenport, P.
Healy also was a guiding force in the creation of Sister Cities International in 1967, serving as one of the incorporators and an original member of its board of directors.
Liability may attach to the issuer and to directors, officers and incorporators involved in the sale of the membership.
01% of Prothena's outstanding shares, which were issued to the original incorporators of Prothena will then be redeemed and cancelled.
At the annual meeting of the Higgins Armory Museum incorporators in spring 2011, Suzanne W.
Executive Vice President and Chief Executive Officer of the American College of Physicians and one of the three original incorporators of AHIC Successor.
One of ASTAC's original incorporators, Herman Rexford of Kaktovik, talked enthusiastically about the ability to call each other in the villages--before that visiting and communication were strictly dependent upon weather.
Corporations are artificial beings created by acts of incorporators who come together to form the corporate entity.
Nashua, has been elected to serve a three-year term on the New Hampshire Charitable Foundation's board of incorporators.