A corporation doing business in the state in which it is incorporated is considered to be a(n)________ corporation.
A)alien
B)domestic
C)foreign
D)local

Question

Quizplus · Accepted Answer

A corporation doing business in the same state in which it is incorporated is considered to be a domestic corporation. The term "foreign" corporation is used for a corporation that operates in a state other than the one in which it is incorporated. The term "alien" corporation is used for international businesses operating within a country under the laws of that country. The term "local" corporation is not a commonly used term in legal contexts.

A Corporation Doing Business in the State in Which It