What is the full form of INC?

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    • Incorporation (Inc.) means the formation of new corporation. The term Inc. is usually appended at the end of a name of a organization to suggest that the organization is a legal entity incorporated under the rules and regulations of the land. For example Nike Inc. implies that it is incorporated.

      It has several benefits, both financial and legal when a organization is incorporated. Some of these are:

      1. Protection of personal assets: In the case of bankruptcy of a business the personal assets cannot be claimed by creditors or lawsuits

      2. Transferable ownership

      3. Taxation benefits

      4. Retirement funds

      5. Durability

      6. Raising funds through sale of stock

      7. Credit ratings

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