Establish -
: Working hard to build a solid reputation in a community or field, as noted in examples from Merriam-Webster .
: The IRS uses the term to describe the formal process of setting up a SEP (Simplified Employee Pension) plan. ⚖️ Legal & Regulatory Frameworks establish
In professional settings, "establish" often refers to the formal creation of an entity or a person's reputation within an industry. : Working hard to build a solid reputation
: To start an organization that is intended to last, such as the General Agreement on Tariffs and Trade (GATT) , established in 1947. : To start an organization that is intended
: Bills are often introduced to "establish" new systems, such as a path to citizenship for specific groups.
: Under 2 CFR Part 200 , the Federal Government can unilaterally establish an indirect cost rate if a recipient fails to submit a proposal.