Question

Which of the following statements is the most accurate?

a) A foreign corporation is the same thing as a multinational corporation.
b) A foreign corporation does business in one or more states, but is chartered in another state.
c) A foreign corporation is headquartered in another nation.
d) A foreign corporation is 50% owned by individuals or companies from another nation.

Answer 1

Answer:

B

Explanation:

A foreign corporation is an organization that carries out its business operation in a state / states other than where it is chartered.

A foreign corporation certificate where the name of the corporation , address of the head office where it was incorporated and the state of incorporation are required by the state of operation in order to allow communication with the foreign communication.

Certificate of good standing to establish that the foreign corporation exists and also authorized to do business may also be required