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A corporation doing business in the state in which it is incorporated is considered to be a / an _____________ corporation. a. Alien b. Domestic c. Foreign d. Local
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A corporation doing business in the state in which it is incorporated is considered to be a / an _____________ corporation. a. Alien b. Domestic c. Foreign d. Local

User Ved Sharma
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1 Answer

1 vote

Answer:

The correct answer is letter "B": Domestic.

Step-by-step explanation:

Regardless of the type of entity, Limited Liability Companies (LLCs), Limited Partnerships (LPs), and Limited Liability Partnerships (LLPs), organizations that operate in the state where they were incorporated are called domestic. For example, if an LLP is formed in New York, the LLP will be considered a domestic entity within the state of New York.

User Rocky Hu
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