What Does "inc." Mean?


Quick Answer

A company with a name that ends in "inc." is incorporated, giving its owners, officers and investors specific legal advantages. Essentially, these key people in the business have no personal liability in the event that the business fails or assets are seized due to mismanagement or unpaid debts.

Continue Reading
What Does "inc." Mean?
Credit: Multi-Bits The Image Bank Getty Images

Full Answer

To incorporate a business, all that is needed is a certificate of incorporation, which must be signed by at least one incorporator. The other necessary items are the corporation name, its purpose, and its proposed corporation lifespan. There are different types of corporation choices, including S-Corp, LLC and C-Corp. All have unique advantages and disadvantages.

Learn more about Corporations
Related Videos

Related Questions