A(n) _____ is chartered in a state other than in the one in which it will do business.
A) closely held corporation
B) sole proprietorship
C) foreign corporation
D) S- corporation
E) C- corporation

Question

A(n) _____ is chartered in a state other than in the one in which it will do business.
A) closely held  corporation
B) sole proprietorship
C) foreign  corporation
D) S- corporation
E) C- corporation

Quizplus · Accepted Answer

A foreign corporation is a business entity that is incorporated in one state but does business in another state. It must register as a foreign corporation in the state where it operates but is not incorporated.

A(n) _____ Is Chartered in a State Other Than in the One