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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

How is a domestic corporation different from a foreign corporation and an alien corporation?

Summary Introduction

To determine: The reasons on domestic corporation being different from alien corporation and foreign corporation.

Introduction: A corporation is an authoritative type of business that is separate from its proprietors. It is a business that is a different legitimate element from its investors.

Explanation

The reasons on domestic corporation being different from alien corporation and foreign corporation are as follows:

An integrated business is known as a domestic corporation in the state in which it is integrated...

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