2/10/2001 @ Old School Skate Jam 2001. Since her skating days with the Z-Boys, Peggy Oki went on to UC Santa Barbara to study environmental biology, eventually receiving her Bachelor of Arts in Painting at The College of Creative Studies (UCSB). (She got around campus, primarily by skateboard.).
DEFINITION of 'Incorporation'. The process of legally declaring a corporate entity as separate from its owners. Incorporation has many advantages for a business and its owners, including: 1) Protects the owner's assets against the company's liabilities. 2) Allows for easy transfer of ownership to another party. 3) Achieves a lower tax rate than on personal income.
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.