Question

Keenan wants to incorporate his business. He buys business cards and labels with the name "Keenan's Kwips" on them and begins selling gag gifts. Keenan follows the rules for incorporation in his state, including a statement that he is the sole shareholder, and he is granted a certificate of incorporation. Keenan's business is probably a ______________.

Answer 1

De jure corporation

Step-by-step explanation:

A de jure corporation is a corporation that has fulfilled all the statutory requirements for incorporation and complies with all the state's laws. It also means that its shareholders (or shareholder in this case) have limited liability protection.

De jure is Latin for "matter of law".