Minneapolis, MN asked in Business Law for Minnesota

Q: A "Domestic Corporation" is defined as a small privately held corporation that operates exclusively in the United States

A "Domestic Corporation" is defined as a small privately held corporation that operates exclusively in the United States with no business in international commerce? TRUE or False

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1 Lawyer Answer
Michael Doland
Michael Doland
Answered
  • Santa Monica, CA

A: Your true or false questions are quite irritating. We are lawyers, not high school students. False. A domestic corporation means a corporation operating in the state where it was incorporated.

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