Task: Class Definition Understanding (ontology: Legal/LKIF_Core_Ontology)

Which of the following definitions best describes 'Incorporated'?

A. A the concept is a type of (representative) deliberative assembly with the power to adopt laws.
B. A kind of (philanthropic) organization, set up as a legal entity either by individuals or institutions, with the purpose of distributing grants to support causes in line with the goals of the the concept
C. An organisation formed into a legal corporation
D. Similar to the US corporation, offers several advantages over trading as sole trader.

Answer: An organisation formed into a legal corporation