QAEconomics › Incorporation creates a local government and
Q

Incorporation creates a local government and

A

Incorporation is the founding of a new corporation that could be for or not for profit. For instance, people gathering to dwell in a previously unsettled place in huge quantities may consider becoming a municipality. This area then gets self-governed although it is still under federal and state law. Therefore, incorporation creates a local government and establishes physical boundaries for cities, towns and villages.

3 years ago
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