Meaning & Definition of word "Incorporation"
Incorporation
/ɪnˌkɔːrpəˈreɪʃən/
noun:
- 1. The process of legally combining or merging entities, especially businesses, to form a corporation.
- Example: The incorporation of the new startup allowed it to gain access to venture capital.
- 2. The act of including or integrating parts into a whole.
- Example: The incorporation of diverse perspectives improved the team's decision-making.
- 3. The formal process of forming a corporation under the laws of a state.
- Example: After the incorporation of the nonprofit organization, it was able to apply for tax-exempt status.
Etymology
●Derived from the Latin term 'incorporare,' meaning 'to form into a body.'
Common Phrases and Expressions
incorporation papers:
Documents required to form a corporation.
articles of incorporation:
Legal documents that establish a corporation.
incorporation process:
The steps taken to legally create a corporation.
Related Words
corporation:
A legal entity that is separate from its owners.
incorporate:
To form or combine into a single entity.
Slang Meanings of incorporation
Meaning: Incorporating something into everyday use.
● Example Sentence: We're looking to incorporate a new strategy into our workflow.