Examlex
Mojo Motors is a small conventional corporation with only 212 stockholders. Eleven of the stockholders are citizens of Mexico, and eight others are citizens of Canada. Due to its size and diversity in ownership, you would recommend that Mojo Motors change to an S-Corporation.
Model Laws
Laws created to account for the variability of laws among states. These laws serve to standardize the otherwise different interstate laws. Also called uniform laws.
Uniformity
The state of being the same in form, manner, appearance, or degree; often sought in laws to ensure consistency.
Prosecuted
To bring legal action against an individual or entity, seeking to prove their guilt in a court of law.
Federal Government
The national government of a federated state, which possesses authority over national matters and operates above state or provincial governments.
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