Difference between eInc. vs Inc. Company

in #blockchain6 years ago (edited)

Inc.

Inc. is the abbreviation for incorporated. An incorporated company, or corporation, is a separate legal entity from the person or people forming it. Directors and officers purchase shares in the business and have responsibility for its operation. Incorporation limits an individual's liability in case of a lawsuit. The corporation, as a legal entity, is liable for its own debts and pays taxes on its earnings, and can also sell stock to raise money. A corporation is also able to continue as an entity after the death of a director or stock sale. A corporation is formed according to state law, through application to the secretary of state and filing articles of incorporation. Because corporations cost more to administer and are legally complex, the U.S. Small Business Administration recommends that small businesses not incorporate unless they become established as a large company. In most states, corporations must add a corporate designation, such as Inc. after their business name.


eInc.

eInc. is the abbreviation for ethereum based incorporated. eInc is not a legal entity like Inc. but its a blockchain based organisation, Just like Cryptocurrencies which is not a legal currency. Major difference between Inc. and eInc. is its completely transparent runs without borders or restrictions. A Inc operations can only be visible to company officers and directors but in case of eInc. every thing works on proposals and voting which is visible to everyone. In eInc. everyone can see how much fund company have and how many shareholder(shares & voting power), how many members(with their roles) and every single proposals and how many members voted on proposal. Because its cross border so there is no need to register different companies in different countries and do filling and maintenance. eInc is new generation organisation which can be regulated by only its members only.

Why i should register eInc company ?

  • Its transparent so anyone can see about company.
  • No more Board meeting's, because any member can create proposal and others can vote yes/no to pass or fail proposal.
  • Not even CEO / Founder can withdraw single penny, because to withdraw fund or to do payment a proposal for that operation need to be Passed.
  • Investor will love to Fund in eInc because then they will be sure how invested fund is being used and to spend fund investor vote will also be counted.
  • Trust, because eInc runs on blockchain it cant be manipulated.

How to register eInc ?

To register eInc go to https://einc.io?rc=10000 (get $25 discount automatically using link) and follow these steps 

Is there any Document required to register eInc. ?

No, You can register eInc in just 5 Minutes and no documents required.