The word "incorporators" is spelled in-kawr-puh-rey-ters. The first syllable "in" is pronounced as "ɪn", while the second syllable "cor" is pronounced as "kawr". The "por" is spelled as "puh-r" with a schwa sound in the second syllable. The third syllable "ate" is pronounced as "eyt" with a long "a" sound. Finally, the "ors" is pronounced as "ers" with a short "o" sound. "Incorporators" is commonly used to refer to individuals or groups responsible for starting a corporation or a company.
Incorporators are individuals or entities that initiate the process of creating a corporation by filing the necessary documents with the appropriate government authority. They are the individuals who undertake the initial steps to legally establish a corporation or a company.
Typically, incorporators are responsible for creating the corporation's bylaws, which outline the internal rules and regulations, governance structure, and operational procedures of the corporation. They also draft the articles of incorporation, which contain essential information about the corporation, such as its purpose, location, and authorized share capital. Once the articles of incorporation are prepared and signed by the incorporators, they are submitted to the relevant government agency, typically the Secretary of State or a similar authority, and upon approval, the corporation is legally recognized.
Incorporators can be individuals, such as the founders or promoters of the corporation, or they can be professional services firms, lawyers, accountants, or specialist incorporation services. They may also be referred to as the subscribers, as they often subscribe their names to the articles of incorporation, indicating their intention to become shareholders or members of the corporation.
In summary, incorporators are the individuals or entities who take the initiative to establish a corporation by preparing and filing the necessary legal documents with the appropriate government authority, ultimately making the corporation a legally recognized entity.
The word "incorporators" comes from the verb "incorporate", which is derived from the Latin prefix "in-" meaning "into" and the Latin word "corpus" meaning "body". The term "incorporate" originally referred to the act of combining or merging different parts or elements into a single body or entity. An "incorporator" is someone who incorporates or forms a corporation, which involves legally creating a separate entity that is recognized as having its own rights and liabilities apart from its members or shareholders. The term "incorporators" refers to the individuals who initiate or participate in the process of incorporation.