Massachusetts General Laws ch. 110 sec. 4A – Use of word ”corporation” or ”incorporated” by individual or partnership
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Section 4A. No individual, unincorporated association or partnership shall assume or use in the name or title under which his or its business is transacted the word ”corporation” or ”incorporated” or any abbreviated form thereof or any word or phrase which may lead the public to believe that such individual, unincorporated association or partnership is a corporation.
Terms Used In Massachusetts General Laws ch. 110 sec. 4A
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.