A corporation that is created by filing a certificate of incorporation with the state in which the company will do business and by issuing stock is a(n) _____ corporation.
A) foreign
B) domestic
C) open
D) alien
E) closely held

Question

Quizplus · Accepted Answer

A corporation becomes a domestic corporation in the state where it files its certificate of incorporation and issues stock. This process establishes it as a legal entity under the laws of that state.

A Corporation That Is Created by Filing a Certificate of Incorporation