A corporation that is chartered in the state in which it will do business and issue stock is a/an ____.
A)foreign corporation
B)domestic corporation
C)secret partnership
D)alien corporation
E)closely held corporation

Question

Quizplus · Accepted Answer

A corporation chartered in the state where it plans to do business and issue stock is known as a domestic corporation. This term contrasts with foreign and alien corporations, which are chartered in other states or countries, respectively.

A Corporation That Is Chartered in the State in Which