Business name abbr.

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Possible Answers: INC, CORP.

Random information on the term “INC”:

Incorporation is the formation of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law). The corporation may be a business, a non-profit organization, sports club, or a government of a new city or town. This article focuses on the process of incorporation; see also corporation.

The information required differ in different states. However, there are some common information that are asked by almost all the states and so, must be included in the Certificate of Incorporation, accordingly. They are as follows:

American opinion of corporations has evolved significantly throughout history, and Supreme Court cases provide a means to observe this evolution. While these cases may seem arbitrary and decontextualized when examined individually, when viewed successively and within historical context, a narrative emerges that offers an explanation for why such views are upheld.

1816 the New Hampshire state legislature passed a bill that would turn privately owned Dartmouth College into a publicly owned university with a Board of Trustees appointed by the governor. The board filed a suit challenging the constitutionality of the legislature. The suit alleged the college enjoyed the right to contract and the government changing that contract was not allowed. Chief Justice John Marshall delivered the majority opinion and affirmed that the right to contract exists between owners of private property rather than between a government and its citizens. The case was the first case in US history that asked fundamental questions about corporate entities and the protections they enjoy; it also was a precedent-setting case in extending “individual rights” to corporations.


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INC on Wikipedia

Random information on the term “CORP”:

The Alabama and Gulf Coast Railway (reporting mark AGR) is a Class II railroad owned by Genesee & Wyoming. It operates 348 miles (560 km) of track from the Pensacola, Florida export terminals, west of downtown, north to Columbus, Mississippi, with trackage rights along BNSF Railway to Amory, Mississippi. A branch uses trackage rights along Norfolk Southern from Kimbrough, Alabama west and south to Mobile, Alabama, with separate trackage at the end of the line in Mobile.

The current AGR is composed of numerous lines built during the late 19th and early 20th centuries, which were gradually consolidated into a system that was purchased by the St. Louis – San Francisco Railway and remained under that railroad or its successor’s control until 1997, when it was spun off into an independent company.

The earliest ancestor of the AGR was the Pensacola and Mobile Railroad and Manufacturing Company, which in 1861 constructed 5 miles (8.0 km) of track between Muscogee, Florida and Cantonment, Florida. This line was dismantled by Confederate forces during the Civil War so that the iron rails could be used elsewhere. The railroad was not rebuilt until 1877. In 1874, the company took control of the Pensacola and Perdido Railroad, which ran west from Pensacola about five miles to a lumber mill at Millview, Florida on Perdido Bay. In 1892, the system merged with the Pensacola, Alabama and Tennessee Railroad, which connected the Millview and Muscogee branches. Shortly thereafter, the railroad was renamed the Gulf Ports Terminal Railway.

CORP on Wikipedia

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