de jure corporation

Definition of "de jure corporation"
  1. A company created following all relevant legal procedures and regulations
How to use "de jure corporation" in a sentence
  1. After obtaining the necessary permits, the business finally became a de jure corporation.
  2. The local government only recognizes de jure corporations for contracts.
  3. The taxes and legal rights of de jure corporations differ from those of informal or de facto corporations.
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