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Incorporation (abbreviated Inc. in U.S. and Canadian business names) is the forming of a new corporation (a corporation being a legal entity that is effectively recognised as a person, albeit a fictitious one, under the law). The corporation may be a business, a non-profit organization, sports club or a government of a new city or town. This article focuses on the process of incorporation; see also corporation.

Corporations can only deduct net operating losses going back two years and forward 15 years.

In the UK the process of Incorporation is generally called Company Formation and the details of the process are covered in that Article. The United Kingdom is one of the quickest locations to Incorporate, with a fully electronic process and a very fast turn around by the national registrar of companies Companies House. The current Companies House record is 5 minutes to vet and issue a Certificate of Incorporation for an electronic application.

There are many different types of UK company

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