Instructions: Identify the Following Term(s)

question 75

Short Answer

Instructions: Identify the following term(s).
-Zen

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Definitions:

Private Corporation

A corporation that is created by private persons and does not have government duties.

Certificate of Incorporation

An official document issued by a state government recognizing the formation of a corporation and outlining its basic details.

Authorized to Conduct Business

The status granted to a company or individual that fulfills the regulatory requirements to legally operate in a particular jurisdiction.

De Facto Corporation

A company that operates like a corporation and may be treated as one for legal purposes, despite not having completed formal incorporation steps.