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Incorporation Definition

August 18, 2015

Mike Kappel

Short Definition
Incorporation refers to the steps a business must take in order to establish itself as a corporation.

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.

Related Article
Incorporation: The Pros, the Cons, and How To
What Are Articles of Incorporation?
A Guide to Basic Business Structures

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