A(n)________ is one that has been formed properly by incorporators who followed all of the steps outlined by the state incorporation statute.

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A de jure corporation is one that has been properly formed according to state incorporation statutes. It has met all the legal requirements for formation and has legal recognition as a distinct legal entity separate from its owners. A corporation by estoppel is not a legal entity, but rather a group of individuals who act as though they are a corporation, often to gain certain benefits. A de facto corporation is one that has not been formed properly, but is still recognized as a corporation due to its operations and the actions of its organizers. An alien corporation is a corporation that is incorporated in a foreign jurisdiction, but doing business in a different jurisdiction.

A(n)________ Is One That Has Been Formed Properly by Incorporators