The legal process of creating a corporation. Typically, this involves one or more incorporators filing the Articles of Incorporation with the Secretary of State in which incorporation is desired and paying required fees.
Definition from Nolo’s Plain-English Law Dictionary
To create a corporation by submitting articles of incorporation for an organization, which may be a profit-making business or a nonprofit entity that operates for charitable, social, religious, or educational purposes. The process includes having one or more incorporators file articles of incorporation with the Secretary of State or Division of Corporations, appoint a board of directors, hold a first meeting of the board of directors to launch the enterprise, and issue stock according to state laws and regulations of the Securities and Exchange Commission.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:17 pm