difference between corporation and incorporated
1 What Is the Difference Between an Unincorporated Association & a Corporation?  Choosing how to organize your business is one of the most important preliminary decisions you can make. Your choice can affect your legal standing, how you are taxed and how you can grow your business in the future. There are two classes of businesses: incorporated and unincorporated. Incorporated businesses are corporations, while unincorporated businesses are sole proprietorships and partnerships. Businesses are regulated at the state level, so there may be some small differences regarding the rights and obligations of each type of business from state to state.