Incorporation is a way of formally organizing and starting a business.
The incorporation process involves the drafting of a document known as the Articles of Incorporation and the listing of the firm’s shareholders.
In a corporation, the assets and cash flows of an economic entity are kept separate from the assets and cash flows of owners and investors, which is called limited liability.
A franchise is a business in which the owner licenses his activities - along with his products, branding and knowledge - in exchange for a franchise fee.
Limited liability company (LC) is a general term for a type of business organization in which the assets and income of the owners are separate and distinct from the assets and income of the company; known as limited liability.
Ltd. is the standard shorthand for “limited”, a form of corporate structure available in countries including the UK, Ireland and Canada, and appears as a suffix after the company name.
A strategic alliance is an agreement between two companies that have decided to share resources for the implementation of a certain mutually beneficial project.