What is the fulform of Inc. I have seen this word being attached to the name of big companies. Actually, I also want, what that word means? Can anybody help me in this problem?
The term Inc. (Incorporated) is the American equivalent of the British term Ltd. (Limited). When used in the name of a company, it signifies a type of legal entity different than an individual, a partnership or a proprietorship. A company incorporates in order to obtain certain tax advantages and to limit the liability of corporate officers and individual shareholders.
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