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Simple English definitions for legal terms
INC.
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A quick definition of INC.:
Term: INC.
Definition: INC. is short for Incorporated, which means a company has been legally registered as a corporation. This means that the company is a separate entity from its owners and has certain legal protections and responsibilities.
A more thorough explanation:
INC.
Inc. is an abbreviation for "Incorporated".
When a company is incorporated, it means that it has been registered as a legal entity separate from its owners. This allows the company to conduct business, enter into contracts, and own property in its own name. The abbreviation "Inc." is often added to the end of a company's name to indicate that it is incorporated.
- Microsoft Corporation
- Apple Inc.
- Google Inc.
These examples show how the abbreviation "Inc." is used to indicate that a company is incorporated. Microsoft Corporation, for example, is a legal entity separate from its owners, and is able to conduct business and own property in its own name.