Sears Holding Corporation is incorporated in Delaware, but when it operates in Illinois and Texas, it is considered a(n) ____ corporation in those states.
A) domestic
B) foreign
C) alien
D) small
E) midsized

Question

Quizplus · Accepted Answer

When a corporation is incorporated in one state (Delaware, in this case) but operates in other states (Illinois and Texas), it is considered a "foreign" corporation in those other states. This term is used to denote that the corporation's state of incorporation is different from the state in which it is doing business.

Sears Holding Corporation Is Incorporated in Delaware, but When It