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TeachMeFinance.com - explain Incorporation historic definition... Incorporation -- In its business application incorporation is the procuring by a joint-stock company of the authority of the law to carry on business. See Articles of incorporation ; also see Charter. Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.