While the two terms are often used interchangeably, there is a big difference between incorporation and corporation. Incorporation is the legal process of forming a new company, while a corporation is an actual business entity.
So, before you incorporate your business, it’s important to understand the difference between the two.
The Top-Rated Online Incorporation Services to Register Your Business
We did the hard work, so you don’t have to. These are the best online services to incorporate your business with:
LegalZoom – Most popular online incorporation servicesIncfile – Best cheap incorporation servicesNorthwest Registered Agent – Best customer serviceZenBusiness – Best incorporation service for simplicityIncorporate.com – Most versatileMyCorporation – Best for small businessSwyft Filings – Best for nonprofits
You can read our in-depth reviews of each of these services here.
What Is a Corporation?
Derived from “corpus,” the Latin term for “body,” a corporation is a company or group of people authorized to act as a single entity. This means that they are legally people within the means of the Equal Protection Clause of the Fourteenth Amendment to the U.S. Constitution and other laws.
However, there are some notable exceptions to this rule. For example, a corporation cannot be held liable for the torts (civil wrongs) of its employees or agents unless it expressly author… Read More