Inc is an abbreviation used in business to mean an incorporated legal establishment. This means that the ownership of the company is arranged in the form of shares where a share holder's responsibility is generally limited to the amount of shares that they hold with the company.
1 Additional Answer
The abbreviation INC refers to Incorporation which is the forming of a new corporation. The corporation may be a non-profit organization, a business, a sports club, or a government of a new city or town.