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LSDefine

Simple English definitions for legal terms

incorporate

Read a random definition: Receivership

A quick definition of incorporate:

Term: Incorporate

Definition: Incorporating means creating a new company or organization. This is done by filling out special paperwork called the Articles of Incorporation and submitting it to the government. The Articles of Incorporation includes information about the company, like its purpose, location, and how many shares it has. Once the company is created, it becomes its own separate thing and the people who started it are no longer personally responsible for everything that happens. The company is usually identified by the letters "Inc." or "Ltd."

A more thorough explanation:

Definition: Incorporate (incorporation) is the legal process of creating a company or corporation. This involves filing the Articles of Incorporation (also known as the corporate charter) with the Secretary of State and listing the corporation's shareholders. The Articles of Incorporation typically include the corporation's purpose, the number and type of shares, its location, and its original capital structure. Once the corporation is established, its assets and income are separate from the personal assets and income of the shareholders. The corporation is usually identified as "Inc." or "Limited (Ltd.)".

Example 1: John wants to start a business selling handmade candles. He decides to incorporate his business to protect his personal assets from any potential lawsuits. John files the Articles of Incorporation with the Secretary of State and lists himself as the sole shareholder of the corporation.

Example 2: Sarah and her friends want to start a tech company. They decide to incorporate their business to raise capital and protect their personal assets. They file the Articles of Incorporation and list themselves as shareholders. The corporation is identified as "Tech Inc."

These examples illustrate how incorporating a business creates a separate legal entity that is distinct from its shareholders. This separation protects the personal assets of the shareholders from any liabilities or debts incurred by the corporation. Additionally, incorporating a business can make it easier to raise capital and attract investors.

incontrovertible evidence | incorporate by reference

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BlairWaldorfIfSheDidntGetHerYaleOfferRevoked
12:18
screaming and crying rn
llama
12:20
Just joshin, but, yeah if you look at schools delta in GPA, it is a factor. Take TAMU, very GPA focused: https://docs.google.com/spreadsheets/d/1sHLKXAPP8icwEJK1VSJ3Wm25BVHVarfaB6zbZU1oaWk/edit?usp=sharing
BlairWaldorfIfSheDidntGetHerYaleOfferRevoked
12:23
i ask bc like i'm transferring next year for my last 2 years of ugrad, choosing between 2 canadian schools, and (and i know this sounds kind of ridiculous and sweaty) i'm considering whether i should take into account the fact that grade deflation is worse AND lsac gpa calculation is less forgiving at one of them
BlairWaldorfIfSheDidntGetHerYaleOfferRevoked
12:25
such notwithstanding my preference is the more difficult school so i'm wondering since i already got a 180 if i should still worry about which one can get me a slightly higher gpa
llama
12:28
It is a subject of debate, but: 1. schools are aware of GPA inflation, and allegedly take it into account. 2. Law schools vary with regard to their desire for a high uGPA. If you got a 180, first that is awesome, but second, even a 3.9 would be above the 75th percentile at 99% of schools, so you would likely only experience adverse outcomes, given a 3.9 vs 4.3 at select schools
BlairWaldorfIfSheDidntGetHerYaleOfferRevoked
12:29
yeah i figured
BlairWaldorfIfSheDidntGetHerYaleOfferRevoked
12:29
it's always sort of nebulous
BlairWaldorfIfSheDidntGetHerYaleOfferRevoked
12:29
ty
llama
12:29
I'm not qualified to give advice but it seems you would be fine even with a 3.9 at almost all schools
U-Hawaii-Jason-Momoa-Law
13:07
Yes you are
U-Hawaii-Jason-Momoa-Law
13:07
You can do it!
MrThickRopes
14:07
Mah Penis
llama
14:16
@MrThickRopes: What would you say if I told you the reason UMich rejected you was due to your abhorrent comments on this chat?
UnderRepresentedTryhard
14:22
Don’t say that you’ll make me paranoid
llama
14:40
Evidently the Ed Snowden documents, which clearly indicate the CIA shares your online discourse with American institutions of higher learning [law schools], has never met your gaze. But, as the US gov likes to put it, if you have done no wrong, you have nothing to hide!
windyMagician
15:01
what if umich accepted me because of my abhorrent comments in this chat
llama
15:04
Guys I have no idea who's thoughts were expressed above under my username, I have just taken my meds and have no recollection of posting the aforementioned Edgelord gibberish which is completely baseless and devoid of any factual premises.
llama
15:07
@windyMagician: If you were accepted before Jan 1, 2025, then that would make sense, for it is clearly stated in their admissions policy: "abhorrent comments will be used to an applicants advantage early cycle and to the applicants detriment late cycle," where late/early cycle are footnoted to be differentiated on the first day of the new year within the cycle.
This-Is-It
15:37
God look at this guys jaw line: https://en.wikipedia.org/wiki/Trofim_Lysenko
Thespinelessspinnerspinnedspinepriortopervingpines
15:41
He mewing
llama
15:46
@Thespinelessspinnerspinnedspinepriortopervingpines: I am unsure what ''mewing" means without context. However, I can say that if you mean a technique that involves placing your tongue on the roof of your mouth to improve your jawline and facial structure, I can confirm you are correct, and Mewing works, for jawline is my most notable feature expressed by new acquaintances.
llama
15:49
@This-Is-It: Did not see your comment until I posed ^, but wow Trofim really puts the line into jawline
Thespinelessspinnerspinnedspinepriortopervingpines
15:49
I mean like a cat
llama
15:49
go mew a curb asshole
Thespinelessspinnerspinnedspinepriortopervingpines
15:50
Mew mew
Thespinelessspinnerspinnedspinepriortopervingpines
15:50
Llama y cat stop the panther stuff one day
Thespinelessspinnerspinnedspinepriortopervingpines
15:51
You can
llama
15:58
I wish I could, but this is the new me. After successfully building an artificial savant syndrome inducing machine [Patent Pending], I have obtained extraordinary abilities and talents in specific areas, notably written communication and understanding. I will use these newly acquired abilities to score a 180 in April. Regretfully, this trade off comes at a great cost to normies, such as yourself, who have to endure my rather mechanical expressive syntax.
Thespinelessspinnerspinnedspinepriortopervingpines
16:00
now do it in spanish
llama
16:07
Savant says no can do.
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