A business that holds itself out as being a corporation may not deny corporate status,even if it makes no attempt to incorporate.

Name: A business that holds itself out as being a corporation may not deny corporate status,even if it makes no attempt to incorporate.
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Question

Quizplus · Accepted Answer

A business can be deemed a corporation by holding itself out as one, regardless of whether or not it has actually gone through the process of incorporation. This is known as the "corporate by estoppel" doctrine.

A Business That Holds Itself Out as Being a Corporation