Incorporation refers to the steps a business must take in order to establish itself as a corporation.
Incorporation Expanded Definition
There are advantages and disadvantages to corporation status for a small business. If you are considering incorporation, be aware that it will enable your business to act as a separate entity and give you some protection from liability. On the other hand, there can be expenses and extensive paperwork with incorporation.
Last Updated By
Rachel Blakely-Gray | Apr 12, 2023