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Paralegal Exam Prep

Category - Legal Envrmt

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A foreign corporation is a:

Corporation formed in another state.
Corporation formed in another country.
Corporation formed offshore.
A and B.
A, B, and C.

Explanation

Answer: E. A foreign corporation is a corporation formed in another state, another country, or offshore. Since a foreign corporation is incorporated or chartered in another state or country, it must determine what it needs to qualify in order to do business in a particular state. Typically, the requirement is to complete registration paperwork.
Category: Legal Environment

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