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What is the meaning of pre incorporation?

Definition of preincorporation : existing or occurring before the formation of a corporation the preincorporation period/process preincorporation expenses a preincorporation contract.

What is pre incorporation and provisional contracts?

Contracts made before the incorporation of company is called pre-incorporation contracts. Contracts made after incorporation, but before the company becomes entitled to commence business are called provisional contracts.

What are pre incorporation activities?

Pre-Incorporation Agreements (or Pre-Incorporation Contracts) establish the operations, management, and define who will have control prior to the initial corporate meeting. In addition to the pre-incorporation agreement, many business owners draft a shareholders agreement and a confidentiality agreement.

What is a pre incorporation subscription?

Pre incorporation subscriptions are pre-incorporation agreements that promoters are subject to and which state their duties and compensations. New corporations are often created by the efforts of promoters. These promoters may also have secured capitalization for the corporation by virtue of subscriptions.

What does incorporated mean legally?

To incorporate (incorporation) is the legal process of creating an entity or corporation. It is required to draft and file the Articles of Incorporation (also referred as corporate charter) with the Secretary of State, as well as enumerate the corporations shareholders.

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