Asked by
shashank gupta
on Nov 21, 2024
Verified
In states in which it conducts business but is not incorporated, a corporation is a[n] ________ corporation.
A) Visiting
B) Foreign
C) Interstate
D) Intrastate
E) Approved
Foreign Corporation
A corporation that is registered to do business in a state or jurisdiction other than where it was originally incorporated.
Interstate
Pertaining to the movement, transportation, or trade between two or more states within a country.
Intrastate
Activities or commerce that occur exclusively within the boundaries of a single state and are not subject to federal jurisdiction.
- Discern the differences among corporations by examining their jurisdictional bases and stock ownership types.
Verified Answer
NA
Learning Objectives
- Discern the differences among corporations by examining their jurisdictional bases and stock ownership types.