- to organize and be granted status as a corporation by following prescribed legal procedures.
- to include, as to incorporate additional materials in a report.
- to provide a geographic area a legal status. Cities generally are incorporated entities.
to form a corporation under state regulations provided by the Secretary of State.
Example: Abel intends to enter the real estate brokerage business and wishes to protect his personal assets. He retains a lawyer to whom he pays a $2,500 fee to incorporate the business. Abel is the sole stockholder and chairman of the board of directors. Abel's personal assets are protected because liability is limited to the assets owned by the corporation.to provide a geographic area the legal status of a political subdivision of the state.
Example: A large subdivision outside a large city petitions the state legislature to incorporate as an independent city. The residents of the incorporated area may elect representatives and tax themselves to provide services.
