Answered: A corporation in any states in which it…

A corporation in any states in which it does business except the one in which it is incorporated O Domestic Corporation Foreign Corporation Alien Corporation Closed Corporation

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

A corporation in any states in which it does business except the one in which it is incorporated
O Domestic Corporation
O Foreign Corporation
O Alien Corporation
Closed Corporation

Expert Solution

Step 1

A corporation is a sort of organization—mainly a group of individuals or a business—authorized through the state to work as a single entity & identified as such in regulation for specific purposes. based on the no. of owners in a corporation can be categorized as aggregate or sole.

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