Asked by Jasmine Collymore on Jun 10, 2024
Verified
A foreign corporation must incorporate in each state in which it does intrastate business.
Foreign Corporation
A company that is registered and operates in a different country from where it was originally incorporated.
Intrastate Business
Business operations that occur solely within one state’s borders, not involving or affecting trade between states.
- Distinguish between foreign, domestic, and alien corporations regarding their operation and legal obligations.
Verified Answer
AA
Ahmed AbbasJun 11, 2024
Final Answer :
False
Explanation :
A state may require that foreign corporations qualify to conduct intrastate business in the state,that is,conducting business transactions within the state.
Learning Objectives
- Distinguish between foreign, domestic, and alien corporations regarding their operation and legal obligations.
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