What word is prohibited for use by businesses unless legally formed as a corporation for profit?

The term that is prohibited for use by businesses unless they are legally formed as a corporation for profit is "Incorporated." This term specifically indicates that a business has gone through the legal process to become a corporation, providing limited liability to its owners and allowing for a structure governed by corporate laws.

Using "Incorporated" without proper legal formation can mislead the public regarding the nature of the business and its liabilities, creating confusion about its legal status.

While "Company," "Limited," and "Association" can refer to various business types, including those that are not incorporated, "Incorporated" is strictly tied to the corporate structure, hence its specific regulation around usage. Knowing the legal definitions and implications behind these terms is crucial for understanding the requirements and restrictions of business naming in the corporate context.