What is the meaning of incorporating a business?

[Kross]

Some of people that started small businesses that have grown overtime say that they want to incorporate their business. What does it mean in literal sense to incorporate a business? What is the process of incorporating a business? And can just any business be incorporated?

 

[Trush Jodie]

When you incorporate a business, you structure it to become a legal entity. It can own properties and sue/ being sued.

 

[Augusta]

This is about separating the business's assets and income from the personal assets and liabilities of the owners, offering liability protection

 

[Suba]

Incorporating a business is meant to be the process that must be gone through to make a business registered or legal with a government agency. This process consists of completing business documents, articles of association, type of business entity, making establishment documents and registering with a government agency.

 

[eLdavis]

From what i understand, incorporating a business means legally registering a business to make it a separate entity from it's owner.