Asked by TRISHA MARTINEZ on Jul 06, 2024

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A corporation is a(n) ________ corporation in states in which it conducts business but is not incorporated.

A) public
B) foreign
C) multinational
D) intrastate
E) domestic

Foreign Corporation

A corporation in a state in which it conducts business but is not incorporated.

  • Identify the distinctions among types of corporations by examining their structure, purpose, and possession.
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Verified Answer

JB
Jordy BloomJul 08, 2024
Final Answer :
B
Explanation :
A corporation is a foreign corporation in states in which it conducts business but is not incorporated.For example,the McDonald's Corporation is incorporated in Delaware but does business in all fifty states.Thus,McDonald's is a domestic corporation in Delaware and a foreign corporation in the other forty-nine states.