Which of the following is correct regarding a foreign corporation?
A) A foreign corporation is incorporated in a foreign country.
B) A foreign corporation may not do business,except for acts in interstate commerce,in any state other than the state of its incorporation.
C) Doing or transacting business within a particular state makes a foreign corporation subject to local litigation,regulation,and taxation.
D) All of these are correct.

Question

Quizplus · Accepted Answer

A foreign corporation is considered "foreign" in any state other than the one where it is incorporated. It can do business in other states but must comply with local laws, making it subject to local litigation, regulation, and taxation in those states.

Which of the Following Is Correct Regarding a Foreign Corporation