Asked by Jacek Buczko on Jul 17, 2024

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Doing intrastate business without filing with the appropriate state office will likely subject a foreign business to a fine.

Intrastate Business

Business activities that are conducted within the same state and are not involved in trade or commerce across state borders.

Foreign Business

A company that operates in a country different from the one where it was established, often involving international transactions or expansions.

Fine

A fine is a monetary penalty imposed by a court or regulatory agency as punishment for an offense or regulation violation.

  • Identify the distinctions among foreign, domestic, and alien corporations in relation to their functioning and legal duties.
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CL
Cameron LynchJul 19, 2024
Final Answer :
True
Explanation :
Doing intrastate business without qualifying with the state usually subjects a foreign corporation to a fine.