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de facto corporationn. a company which operates as if it were a corporation although ...
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de facto corporationA business that has not completed all of the legal steps to become a corporation will be treated as a corporation by the court to shield the directors, officers, and shareholders who in good faith tho [..]
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de facto corporationn. a company which operates as if it were a corporation although it has not completed the legal steps to become incorporated or has been dissolved or suspended but continues to function. The court tem [..]
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