Toywood Inc. ,headquartered in Vermont,specializes in manufacturing non-toxic wooden toys in its two mechanized units in Vermont and New Hampshire.Its flagship store is located in Philadelphia,Pennsylvania.It will be considered a(n)________ corporation in Pennsylvania.

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Quizplus · Accepted Answer

A corporation is a domestic corporation in the state that has granted its charter;it is a foreign corporation in all the other states in which it does business.Since Toywood Inc.does business in Pennsylvania and is organized in Vermont,it will be considered a foreign corporation in PA.