adjective
- occurring or existing before a company or organization is legally incorporated
Usage: legal; business
Examples
- The preincorporation agreement outlined the founders’ responsibilities.
- Preincorporation expenses can sometimes be reimbursed by the new company.
- They held several preincorporation meetings to discuss the business plan.
- The lawyer reviewed all preincorporation contracts before filing.
- Preincorporation liability issues were addressed in the legal documents.
- The preincorporation phase lasted six months before they officially formed the company.