incorporation etymology

Etymology

Incorporate comes from the Late Latin word incorporare, meaning "to embody" or "to form into a body." This word is derived from the Latin prefix in- (meaning "into") and the Latin word corpus (meaning "body").

Meaning and Origin

Incorporate means to form a corporation or company. A corporation is a legal entity that is separate from its owners. It can own property, enter into contracts, and sue or be sued.

The concept of incorporation originated in the Middle Ages, when merchants and traders began to form guilds and other associations to protect their interests. These associations were often recognized by the government as legal entities, which allowed them to own property and enter into contracts.

In the 16th century, the concept of incorporation spread to England, where it was used to create joint-stock companies. These companies were able to raise large amounts of capital from investors, which allowed them to finance risky ventures such as exploration and colonization.

The concept of incorporation has since spread to most countries in the world. It is now a common way to organize businesses, as it provides them with limited liability and other legal protections.

incorporation relate terms

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