A domestic corporation is one whose assets are primarily located in the United States. For this purpose, the
primarily located test (greater than 50%) applies.

Name: A domestic corporation is one whose assets are primarily located in the United States. For this purpose, the primarily located test (greater than 50%) applies.
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Question

Quizplus · Accepted Answer

A domestic corporation is defined as one that is incorporated under the laws of the United States, a state, or a territory, not by the location of its assets.

A Domestic Corporation Is One Whose Assets Are Primarily Located