Difference between Inc and Corporation

 
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Posted On : 1st Sep 2009

Difference between different indicators Corporation, Inc, Incorporated, Corp, Co and Company:

When a company files its articles of incorporation with the state, it will start doing business as (d/b/a) the company name ending in either "Corp." or "Inc." which serves to legally inform the public that the entity in question is not a natural person, and thus has limited liability. Technically within the United States, "corp." and "inc." designate the exact same thing. A corporation, in its simplest terms, is just a legal entity that stands apart from any natural person.

"Inc." and "Corp." convey the same basic fact about the company organization, it is not considered proper to use them interchangeably. Because a corporation has to designate the name that the entity will be using to conduct business, it is necessary to pick one or the other and stick with it. That means if you go with “Inc.”, then all your official letterhead, correspondence, domain names, business cards, and any other company related documents and sales collateral would have to include the use of “Inc.” rather than “Corp.”

Whatever indicator an incorporator choose to use at the end of a business name, it does not affect the company structure. It is more like or less like on an individual.

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Joe

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Why is there both "Inc." and "Corp"? What are the pros/cons? Does either have a different image with people in the United States? Can you change it latter it you wish?

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Reply from: infotaxsquare.com | 2013-03-08

Dear Joe:

Thanks for choosing InfoTaxSquare.com for your business need. There is no pros/cons for using indicators Inc. or Corp. Most states are required to write Inc. or Corp next to the name of the entity. You can amend it by filing Articles of Company Name Change or Articles of Amendment.

You can also use the following link to read more about your question.

https://www.infotaxsquare.com/article/difference-between-inc-and-corporation.html


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Lavonya Bess

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When does a company need brd members? Is it when its a Corp, or Inc

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Reply from: infotaxsquare.com | 2012-05-30

Dear  Lavonya Bess:

Thanks for choosing InfoTaxSquare.com for your business needs. Corp or Inc are just indicators use after the business name in most states to register a business name. Board Members should be elected in the board meeting.

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Frank

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If I file Subchapter S-Corp 2553 can I still use Inc.?

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Reply from: infotaxsquare.com | 2009-12-23

Yes Frank, you can still use Inc. Sub-Chapter "S" does not change the indicator like Inc. Corporation.
Thanks for using InfoTaxSquare.com.