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incorporate |
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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 How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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citizenship and residency for members of the board and incorporators. The Gramercy was built by The Gramercy Company -- whose incorporators included Haley Fiske, first president of the Metropolitan Life Insurance Company on three of the 66 lots surrounding Gramercy Park, a project realized in 1831 by enlightened developer, Samuel B. In June 1918, Allen was one of the first incorporators of the American branch of the UNIA and appointed second vice-president of the Black Star Line in June 1919. |
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