(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.
A: A company with a name that ends in inc. is incorporated, giving its owners, officers and investors specific legal advantages. Essentially, these key people in the business have no personal liability in the event that the business fails or assets are seized due to mismanagement or unpaid debts. Continue Reading