|Category|| : ||Business » Business Terms
|Country/Region|| : ||Worldwide
|Popularity|| : ||
What does Inc mean?
Inc. stands for Incorporated. This means a firm or company that has been formed into a legal corporation by completing the required procedures. The ownership of the company is arranged in the form of shares where a share holder’s responsibility is generally limited to the number of shares that they hold with the company. The share holders are not liable for their company’s debts and obligations. They are limited in liability to the amount they have invested in the corporation.