Trayon Industries is a public corporation established in California in 2007. It decides to expand its base of operations and starts operating in the state of Nevada, too. In Nevada, Trayon will be known as a(n) corporation.

Question

Quizplus · Accepted Answer

Trayon Industries was incorporated in California, so it is not a domestic corporation in Nevada. It is also not an eleemosynary corporation (which is a type of nonprofit), so option D is also not correct. The correct term for a company incorporated in one state but operating in another is a foreign corporation. Therefore, the answer is B.

Trayon Industries Is a Public Corporation Established in California in 2007