Inc. – Incorporated
Any Corporation, private or public or a non-profit organization can write ‘Inc.’, after his name. For ex. Google Inc. refers that Google formed into a legal corporation. Incorporation creates a protective bubble around a company’s owners, shareholders and directors.
We can also say that ” If something is made a part of something, it is incorporated “. United or combined together to form in one body (Corporation or Business).
Incorporated Organization has several benefits :
- Ownership of an incorporated corporation can easily be transferred from one party to another.
- It protects assets of owner against the company’s liabilities
- Helps in getting lower tax rates.
- Can raise capital through the sale of stock