De Jure Corporation - Explained
What is a De Jure Corporation?
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is a De Jure Corporation?
The word De jure refers to a matter of law. A de jure corporation is a business complied with all the requirements of its state incorporation statute and thus legally permitted to functions as a corporation. A corporation with de jure status is allowed to issue stocks in the market, hold board of directors meetings, and conduct the day to day business.
How Does a De Jure Corporation Work?
This doctrine is generally applied for shielding the shareholders from liability. If a person enters a contract on behalf of a corporation that is not a de jure corporation, this doctrine may protect the person from liability. However, most states do not apply the doctrine when there are reasons to believe that the concerned person was aware that the incorporation effort was flawed at the time of their reported action on behalf of the corporation. A De facto Corporation, on the other hand, is a corporation that is not properly incorporated but is recognized as a legal corporation by the court of law. In order to become a de facto corporation, a company must need to meet certain requirements prescribed by the law of the court. A third doctrine is a Corporation by estoppel. It is for protecting the officers and shareholders of a company that was not properly incorporated and does not meet the criteria of being a de jure or de facto corporation. If a person has done business with such an entity assuming it to be a corporation, later he may be estopped from denying the corporate status of the company.
- Business Entities (Intro)
- Why is studying business entities important?
- Considerations When Forming a Business Entity
- Holistic (Detailed) Overview of Setting Up a Business Entity
- What are Business Entities?
- What is a Closely-held vs Publicly-held Business?
What are the main types of business entity?
- What are the primary characteristics of business entities?
- What is Maintenance of a business entity?
- What is Control of a business entity?
- What is Compensation of business owners?
- What is Taxation of a business entity?
- What is Sales & Use tax?
- What are payroll and self-employment taxes?
- What are the major characteristics of a Sole proprietorship?
- Uniform Partnership Act
- Uniform Limited Partnership Act
- Partnership Agreement
- At-Will Partnerships
- Responsibilities of Partners to the Partnership
- Silent Partner
- Funding the Partnership
- How are Partners Compensated
- Splitting Equity in an Industrial Partnership
- What are the main characteristics of a Limited liability partnership?
- What are the main characteristics of a Limited liability company?
- Forming an LLC
- Articles of Organization
- Operating Agreement or LLC Agreement
- Why You Need an LLC Agreement
- LLC Compensation of Members
- LLC Taxation
- Converting to an LLC
- What are the main characteristics of a Corporation
- Articles of Incorporation
- What to include in the Articles of Incorporation
- Corporate Bylaws
- Exiting the Corporation
- Dissenter's Rights
- What are the requirements to be an S Corporation?
- Non-Profit Organization
- NonProfit Business Entities
- Private Foundation
- A Detailed Explanation of the Sole Proprietorship
- Taxation of Sole Proprietorship
- A Detailed Explanation of the General Partnership
- 50/50 Partnerships: Never a Good Idea
- Publicly-Traded Partnerships
- A Detailed Explanation of the Limited Liability Company
- A Detailed Explanation of the Corporation
- Keepwell Agreement (Letter of Comfort)
- Personal Service Corporation Definition
- A Detailed Explanation of the Non-Profit Entity
- Public Limited Company (UK)