A corporation can conduct business as a ________ in states other than its state of incorporation.

Question

Quizplus · Accepted Answer

A foreign corporation is a corporation that conducts business in states other than its state of incorporation. A domestic corporation refers to a corporation that conducts business in its state of incorporation. A pass-through entity is a type of business entity that passes its income through to its owners for tax purposes, such as a partnership or S corporation. Therefore, options A and C are incorrect. Therefore, option B is the best choice as it correctly describes a corporation that conducts business in states other than its state of incorporation.

A Corporation Can Conduct Business as a ________ in States