quasi corporation (Meaning)
quasi corporation ()
A corporation consisting of a person or body of persons invested with some of the qualities of an artificial person, though not expressly incorporated, esp. the official of certain municipal divisions such as counties, schools districts, and the towns of some States of the United States, certain church officials, as a churchwarden, etc.
Synonyms & Antonyms of quasi corporation
No Synonyms and anytonyms found
quasi corporation Sentence Examples
- A quasi corporation operates with characteristics akin to a traditional corporation but lacks full legal recognition.
- The quasi corporation model allows for business activities to proceed while legal formalities are pending.
- In some jurisdictions, a quasi corporation may enjoy certain privileges similar to those of a fully recognized corporation.
- The quasi corporation structure provides a level of liability protection for its stakeholders.
- Investors often favor the quasi corporation structure for its flexibility and potential tax advantages.
- Despite its quasi corporation status, the entity operates with a degree of autonomy in the market.
- Legal scholars debate the extent of liability protection afforded to stakeholders within a quasi corporation.
- The quasi corporation arrangement facilitates business operations without the full burden of regulatory compliance.
- A quasi corporation may evolve into a fully recognized entity through subsequent legal processes.
- The quasi corporation status allows for experimentation in business models without committing fully to incorporation.
FAQs About the word quasi corporation
A corporation consisting of a person or body of persons invested with some of the qualities of an artificial person, though not expressly incorporated, esp. the
No synonyms found.
No antonyms found.
A quasi corporation operates with characteristics akin to a traditional corporation but lacks full legal recognition.
The quasi corporation model allows for business activities to proceed while legal formalities are pending.
In some jurisdictions, a quasi corporation may enjoy certain privileges similar to those of a fully recognized corporation.
The quasi corporation structure provides a level of liability protection for its stakeholders.
