Question

Example of de jure and de facto corporation.

PLEASE ANSWER ASAP

Answer 1

Example of de jure and de facto corporation

Answer : De jure corporation. Your corporation will be considered a de jure corporation when you have done everything mandated by law to become a corporation. That is, a de jure corporation is a corporation that is organized with the requirements of the relevant statute. In these situations, no one can challenge the corporate state of your company, including private parties nor the state. A de jure corporation is a bona fide corporation that has fulfilled all requirements, and granted limited liability protection under the law.

Example of De jure Corporation :

1. UML (Managed by OMG )
2. CORBA ( also managed by OMG)
3. HTTP protocoal ( managed by IETF)

De facto corporation. A de facto corporation exists when steps are taken to incorporate the enterprise, but the corporation did not comply with every aspect of the applicable statutes. The corporation will not be protected against a challenge by the state in a quo warranto proceeding, but will be protected against third parties. Usually courts will make a finding of a de facto if the corporation meets three requirements: (1) there must be a statute in existence by which incorporation is legally possible (such as in Florida); (2) there has been a colorable attempt by the company to comply with the statute; (3) and some actual use or exercise of corporate privileges. A de facto corporation is basically a good faith attempt to become a corporation, but due to some technicality, does not fulfill every requirement needed.

Example of De facto Corporations

PDF format ( managed by adobe) May become de jure through ISO

Window (managed by Microsoft)