Examlex
Individuals of any age can work for a business that is owned and operated by their parents, except in the case of manufacturing or mining jobs.
Defect In Incorporation
Errors or omissions that occur during the process of forming a corporation, which could affect the entity's legal status.
Corporation By Estoppel
A principle where a business is treated as a corporation for legal purposes, even if it failed to complete formal incorporation processes, due to its actions or representations to third parties.
De Facto Corporation
A business that operates as if it were a legally incorporated company, even though it has not completed the formal incorporation process.
Misappropriates
The act of taking something dishonestly for one's own use, often in violation of trust or ownership.
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