What Is A Corporation - Definition of Corporation

A corporation is defined as a legal entity or structure created under the authority
of the laws of a state consisting of a person, or group of persons, who become
shareholders. The entityís existence is considered separate and distinct from that of
its members. Since a corporation is an entity in its own right, it is liable for its own
debts and obligations. In forming a corporation, prospective shareholders transfer
money, property, or both, for the corporationís capital stock.

The following businesses formed after 1996 are taxed as corporations:

ï A business formed under a federal or state law that refers to it as a corporation,
  body corporate, or body politic
ï A business formed under a state law that refers to it as a joint-stock company or
  joint-stock association
ï An insurance company
ï Certain banks
ï A business wholly owned by a state or local government
ï A business specifically required to be taxed as a corporation by the
  Internal Revenue Code
ï Certain foreign businesses
ï Any other business that elects to be taxed as a corporation. For example, a limited
  liability company (LLC) by filing Form 8832, Entity Classification Election. For
  more information, see the instructions for Form 8832.

Definitions of Incorporate On the Web:

* integrate: make into a whole or make part of a whole; "She incorporated his suggestions into her proposal"
    * include or contain; have as a component; "A totally new idea is comprised in this paper"; "The record contains many old songs from the 1930's"
    * form a corporation
    * unite or merge with something already in existence; "incorporate this document with those pertaining to the same case"
    * formed or united into a whole
      wordnetweb.princeton.edu/perl/webwn

    * To include (something) as a part; To mix (something in) as an ingredient; to blend; To admit as a member of a company; To form into a legal company
      en.wiktionary.org/wiki/incorporate

    * incorporation - consolidating two or more things; union in (or into) one body
    * incorporation - internalization: learning (of values or attitudes etc.) that is incorporated within yourself
      wordnetweb.princeton.edu/perl/webwn

    * incorporated - introduced into as a part of the whole; "the ideas incorporated in his revised manuscript"
      wordnetweb.princeton.edu/perl/webwn

    * incorporation - including by incorporating
      wordnetweb.princeton.edu/perl/webwn

    * Incorporation - A municipal corporation is the legal term for a local governing body, including (but not necessarily limited to) cities, counties,       towns ...
      en.wikipedia.org/wiki/Incorporation_(municipal_government)

    * Incorporation is a university academic practice--particularly at the University of Oxford where it goes back at least to 1516--of awarding a ...
      en.wikipedia.org/wiki/Incorporation_(academic)

    * Incorporation is a phenomenon by which a word, usually a verb, forms a kind of compound with, for instance, its direct object or adverbial modifier,       while retaining its original syntactic function.
      en.wikipedia.org/wiki/Incorporation_(linguistics)

    * Incorporation (of the Bill of Rights) is the American legal doctrine by which portions of the Bill of Rights are applied to the states through the Due       Process Clause of the Fourteenth Amendment, although some have suggested that the Privileges or Immunities Clause would be a more appropriate ...
      en.wikipedia.org/wiki/Incorporation_(Bill_of_Rights)

    * Incorporation - In international law incorporation is the process by which countries who are parties to international agreements pass domestic       legislation that gives these agreements force under their respective national laws. Whether incorporation is necessary depends on a country's domestic       law. ...
      en.wikipedia.org/wiki/Incorporation_(international_law)