unincorporated
Key Facts
Abbreviation
uninc.
Pronunciation
/ˌənɪnˈkɔrpərˌeɪtɪd/
Category
Business
Related Field
General
Examples in Context
- A partnership is an unincorporated(uninc.) business owned by two or more partners.
- An unincorporated(uninc.) business owned by a single person who is responsible for its liabilities and entitled to its profits.
- Sole proprietorship a business organization that is unincorporated(uninc.) and has only one owner.
- Unincorporated associations such as clubs and trading partnerships fall into this latter category.
- Companies can either be incorporated or unincorporated(uninc.).