Incorporation refers to the process of legally forming a corporation or company. It typically involves registering the company with the relevant government agency and obtaining a corporate charter, which outlines the company’s purpose and governance structure. Incorporation provides a number of benefits to a company, including limited liability protection for its owners, the ability to raise capital through the sale of stock, and increased credibility with customers and partners. It also allows the company to operate as a separate legal entity from its owners, which can be useful for tax planning and other purposes. Incorporation can be a complex process, so it is often advisable to seek the advice of a lawyer or other professional to ensure that the process is completed correctly.
