(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.
Inc. Inc. is the abbreviation for incorporated. A corporation is a separate legal entity from the person or people forming it. Directors and officers purchase shares in the business and have responsibility for its operation.Incorporation limits an individual's liability in case of a lawsuit. corporation is a separate legal entity from the person or people forming it. Directors and officers purchase shares in the business and have responsibility for its operation. Incorporation limits an individual's liability in case of a lawsuit.