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Incorporation is the formation of a new corporation. The corporation may be a business , a nonprofit organization , sports club , or a local government of a new city or town [ citation needed ] .
An incorporated town or city in the United States is a municipality that is incorporated under state law. An incorporated town will have elected officials, as differentiated from an unincorporated community, which exists only by tradition and does not have elected officials at the town level.
Inc. (Incorporated): restricted to non-profit associations; Ltd. (Limited): ≈ plc (UK). The suffix Ltd. may also be used by a private company limited by guarantee, such as a charity or university (these may obtain dispensation from the Registrar of Companies to operate without the suffix).
This is an accepted version of this page This is the latest accepted revision, reviewed on 18 December 2024. Legal entity incorporated through a legislative or registration process For other uses, see Corporation (disambiguation). "Corporate" redirects here. For other uses, see Corporate (disambiguation). "Corp." redirects here. Not to be confused with "Copr.". This article is part of a series ...
Population centers may be organized into incorporated municipalities of several types, including the city, town, borough, and village. The types and nature of these municipal entities vary from state to state. In addition to these general-purpose local governments, states may also create special-purpose local governments. Depending on the state ...
An incorporated place, under the Census Bureau's definition, [2] is a type of governmental unit incorporated under state law as a city, town (except in the New England states, New York, and Wisconsin), [3] borough (except in Alaska and New York), [4] or village, and having legally prescribed limits, powers, and functions.
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Foreign corporation is a term used in the United States to describe an existing corporation (or other type of corporate entity, such as a limited liability company or LLC) that conducts business in a state or jurisdiction other than where it was originally incorporated. [1]
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