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 ?
Since the incorporation represents a transfer of property to a corporation in exchange for stock of the corporation, there is no reason to conclude that the transfer of assets, whether under Sec.
Assuming that the exclusion of COD income would represent avoidance or evasion of income tax, next consider whether the principal purpose of the incorporation is the ability to claim the insolvency exception.
County Supervisor Yvonne Brathwaite Burke said she wasn't aware of any incorporations in Los Angeles that involved splitting assets.
In Southern California new incorporations increased 5 percent over last year.
Incorporations in Southern California went from 7,837 last year to 8,317, a 6.
The 1996 figure for the state was also the largest number since 1989, when 49,825 incorporations were registered.