The full form of "Inc." is "incorporated." It's a designation used to indicate that a business is legally structured as a corporation.
In essence, "Inc." signifies that the company has been formally registered with the state as a separate legal entity from its owners. This incorporation provides several benefits, including:
- Limited Liability: The personal assets of the business owners are generally protected from business debts and lawsuits.
- Easier Access to Capital: Corporations can raise capital more easily through the sale of stock.
- Perpetual Existence: A corporation can continue to exist even if its owners change.
You will often see "Inc." as part of a company's name, for example, "Time Inc."
