domestic and foreign corporations

domestic and foreign corporations
Domestic and foreign corporations.
With reference to the laws and the courts of any given state, a "domestic" corporation is one created by, or organized under, the laws of that state; a "foreign" corporation is one created by or under the laws of another state, government, or country.
See also
+ domestic corporation
When a corporation is organized and chartered in a particular state, it is considered a domestic corporation of that state. Term is used in contrast to foreign corporation which has been incorporated in another state, territory or country.
For tax purposes, a corporation created or organized in the U.S. or under the law of the U.S. or any state or territory. I.R.C. No. 7701(a)(4)
+ foreign corporation
A corporation doing business in one state though chartered or incorporated in another state is a foreign corporation as to the first state, and, as such, is required to consent to certain conditions and restrictions in order to do business in such first state. Rev. Model Bus. Corp. Act No. 1.40.
Under federal tax laws, a foreign corporation is one which is not organized under the laws of one of the states or territories of the United States. I.R.C. No. 7701(a)(5).
Service of process on foreign corporations is governed by Fed.R.Civil P. 4.
See also corporation

Black's law dictionary. . 1990.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • domestic and foreign corporations — Domestic and foreign corporations. With reference to the laws and the courts of any given state, a domestic corporation is one created by, or organized under, the laws of that state; a foreign corporation is one created by or under the laws of… …   Black's law dictionary

  • domestic corporation — Domestic and foreign corporations. With reference to the laws and the courts of any given state, a domestic corporation is one created by, or organized under, the laws of that state; a foreign corporation is one created by or under the laws of… …   Black's law dictionary

  • domestic corporation — Domestic and foreign corporations. With reference to the laws and the courts of any given state, a domestic corporation is one created by, or organized under, the laws of that state; a foreign corporation is one created by or under the laws of… …   Black's law dictionary

  • foreign corporation — Domestic and foreign corporations. With reference to the laws and the courts of any given state, a domestic corporation is one created by, or organized under, the laws of that state; a foreign corporation is one created by or under the laws of… …   Black's law dictionary

  • foreign corporation — Domestic and foreign corporations. With reference to the laws and the courts of any given state, a domestic corporation is one created by, or organized under, the laws of that state; a foreign corporation is one created by or under the laws of… …   Black's law dictionary

  • Foreign trade of the Soviet Union — Soviet foreign trade played only a minor role in the Soviet economy. In 1985, for example, exports and imports each accounted for only 4 percent of the Soviet gross national product. The Soviet Union maintained this low level because it could… …   Wikipedia

  • Foreign direct investment — (FDI) or foreign investment refers to the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor.[1]. It is the sum of… …   Wikipedia

  • Foreign Sales Corporation — Foreign Sales Corporations (FSCs) was a means formerly provided by United States taxation law for US companies to receive a reduction in US federal income taxes for profits derived from exports, through the use of an offshore subsidiary (a… …   Wikipedia

  • Foreign corporation — A foreign corporation is a term used in the United States for an existing corporation that is registered to do business in a state or other jurisdiction other than where it was originally incorporated.[1] A foreign corporation is one incorporated …   Wikipedia

  • Foreign exchange market — Forex redirects here. For the football club, see FC Forex Braşov. Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”