"Inc." is an abbreviation for "Incorporated," which refers to a legal structure for a business. When a company is incorporated, it becomes a separate legal entity from its owners, providing limited liability protection. This means that the personal assets of the owners are generally protected from business debts and liabilities. Incorporation can offer various benefits, such as easier access to capital, enhanced credibility, and potential tax advantages. Many businesses choose to incorporate to establish a formal structure, which can help in attracting investors and facilitating growth. Common types of incorporated entities include C corporations, S corporations, and limited liability companies (LLCs).