Business GCSE
Incorporation
What Incorporation means in Business GCSE, as defined for OCR.
Definition of Incorporation
The legal process of forming a company, making it a separate legal entity from its owners.
Topics that use Incorporation
- Business ownership (OCR GCSE)
Related terms
- Limited Liability
- Initial Public Offering (IPO)
- Partnership
- Private Limited Company (Ltd)
- Public Limited Company (PLC)
- Sole Trader
- Unlimited Liability
Using Incorporation in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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