Sushma established a corporation in Nebraska,but she recently moved to Colorado where she now conducts her business.What type of corporation does Sushma own?
A)Alien corporation
B)Domestic corporation
C)Foreign corporation
D)National corporation

Question

Quizplus · Accepted Answer

Since Sushma's corporation was established in Nebraska but now operates in Colorado, it is considered a foreign corporation in Colorado. A foreign corporation is one that conducts business in a state other than where it was incorporated.

Sushma Established a Corporation in Nebraska,but She Recently Moved to Colorado