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)

References in periodicals archive ?
In the event that an SEC-registered partnership is made an incorporator, the application for registration must be accompanied by a partners' affidavit, duly executed by all the partners, to the effect that they have authorized the partnership to invest in the corporation about to be formed and that they have designated one of the partners to become a signatory to the incorporation documents.
"Since the incorporators knew what we were doing, it wasn't about keeping the incorporators in the dark,'' she said.
'Ang pension lang naman nyan kakaunti, siguro incorporator lang.
The original incorporators sold their shares after the first ten years.
The measure allows the perpetual existence of a corporation and the formation of a one-person corporation and removes the minimum number of incorporators.
Donnelly contact information of current incorporators so she could lobby them to vote against the proposal or obtain their proxies if they could not attend.
"In the present case, it had not been clearly established that Maambong...acted in concert with Vice Governor Osmena, Mulla and the incorporators of Perdido Lex, to hastily accredit Perido Lex, and facilitate the release of funds to the said entity," the decision read.
The board of trustees voted unanimously in favor of the move, but after news broke of the decision a group of incorporators, led by founder John Woodman Higgins' granddaughter, Clarinda Higgins, mounted a push to fight the decision.
'While the DOJ has already issued an Immigration Lookout Bulletin Order against eight incorporators and eight officers of Kapa, a court-issued hold departure order is still a more powerful tool in barring Kapa officials from leaving the country with their multibillion-peso loot,' he said in a statement Wednesday.
Pagatpat disclosed that Gierran was already provided last Monday with the list of Kapa officers and incorporators who could be charged in connection with the alleged investment scam.
Named respondents werethe Italian incorporators of TASC Sergio Constantini and Maurizio Caselli as well as local officersHenry James Avecilla, Judith Cabrera and Lucky Philip Cabrera.
Its incorporators and directors included Utomo, Mayor and Bugtas.