Asked by TRISHA MARTINEZ on Jul 06, 2024
Verified
A corporation is a(n) ________ corporation in states in which it conducts business but is not incorporated.
A) public
B) foreign
C) multinational
D) intrastate
E) domestic
Foreign Corporation
A corporation in a state in which it conducts business but is not incorporated.
- Identify the distinctions among types of corporations by examining their structure, purpose, and possession.
Verified Answer
JB
Jordy BloomJul 08, 2024
Final Answer :
B
Explanation :
A corporation is a foreign corporation in states in which it conducts business but is not incorporated.For example,the McDonald's Corporation is incorporated in Delaware but does business in all fifty states.Thus,McDonald's is a domestic corporation in Delaware and a foreign corporation in the other forty-nine states.
Learning Objectives
- Identify the distinctions among types of corporations by examining their structure, purpose, and possession.