(IEEE) (1) The arrangement of a computer system or component as defined by the number, nature, and interconnections of its constituent parts. (2) In configuration management, the functional and physical characteristics of hardware or software as set forth in technical documentation or achieved in a product.
Inc. after a company name means that the business in question has incorporated within its home state. Status as a C-corporation or an S-Corporation depends on tax filings with the Internal Revenue Service. Incorporation produces a separate entity -- in essence a fictional person created by law.
There are typically four types of fees to incorporating: a fee to file the articles of incorporation with the Secretary of State; a first year franchise tax prepayment; fees for various governmental filings; and attorney fees.he corporation itself pays taxes, at the corporate rate, on any profits of the corporation. However, incorporation can be a complicated and costly process, and it is important a business owner understands the general costs of incorporating before beginning the incorporation process.