Foreign Corporation*

2015 07 01 | Category: Offshore Glossary

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Foreign Corporation*
A corporation that operates in a state other than its state of incorporation; the state in which it operates refers out-of-state corporations as “foreign.” In order to conduct business in another state, it must register for a certificate of authority to conduct business in the other state or possibly lose access to that state’s courts and face fines. The term also refers to corporations chartered in foreign nations. Opposite of Domestic Corporation.


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