👉 Nonincorporated is a term used in legal and business terms, referring to an entity that does not have the authority or capacity to enter into contracts or engage in transactions. It is often used in contexts where the parties involved do not have formal legal representation or cannot be represented by counsel. Nonincorporated entities can include individuals, corporations, partnerships, trusts, and limited liability companies. Nonincorporated entities are typically characterized by their lack of a formal corporate structure, such as sole proprietor
