(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.
In my opinion a person can use either Founder, Co-Founder, Partner or Owner in their title if they are an actual Founder, Co-Founder, Partner or Owner. Usually early employees at a company donât really get founders shares of equity so that is how I distinguish the difference.