What type of corporation cannot be formed due to failing to comply with legal requirements?

An ostensible corporation cannot be formed because it does not meet the legal requirements necessary to be recognized as a legitimate corporation. This term refers to an entity that presents itself as a corporation to the public but lacks the formalities or legal standing usually required to achieve corporate status. The key issue is that an ostensible corporation does not adhere to the statutes or regulations that govern the formation of corporations, such as filing the necessary documents, fulfilling registration requirements, or maintaining compliance with applicable laws.

In contrast, a crown corporation is a government-owned entity and is formed in accordance with specific legislative frameworks. A de facto corporation, while it may lack full legal compliance, operates under the assumption of being a corporation and could gain certain legal benefits despite not meeting all legal formalities. A public corporation, typically referring to companies that have sold shares to the public and meet rigorous listing requirements, is recognized under the law and is compliant with necessary regulations.

Thus, the fundamental distinction of an ostensible corporation lies in its failure to fulfill the legal standards for formation, making it fundamentally different from the other types mentioned.