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.

Question

Quizplus · Accepted Answer

The nationality of the stockholders is not a determining factor for changing from a C corporation to an S corporation. The decision to switch to an S corporation usually depends on tax benefits and other factors.

Mojo Motors Is a Small Conventional Corporation with Only 212