Complete: Divided By $$10 \frac { 1 } { 8 }$$

question 35

Short Answer

Complete: divided by
$$10 \frac { 1 } { 8 }$$ $\frac {\text { 2}} { \text {5 } }$

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Definitions:

Initial Directors

Initial directors are the first members of a corporation's board of directors, appointed at the time of incorporation to serve until the first shareholders' meeting.

Incorporator

The individual or entity responsible for creating and filing the necessary documentation to legally form a corporation with the state.

De Facto Corporation

A business entity that operates as if it were a corporation although it has not completed the legal formalities for incorporation, and may be treated as a corporation by courts.

De Jure Corporation

A corporation that has fully complied with all legal requirements for its establishment, and thus has legal recognition.