Micro Chips, Inc., is incorporated in the state of New Jersey and is doing business in the state of New York. In New York, it is properly referred to as a domestic corporation.

a. a foreign corporation.

b. an alien corporation.

c. a national corporation.

Question

Business

Abby Wood

23 March, 07:59

Micro Chips, Inc., is incorporated in the state of New Jersey and is doing business in the state of New York. In New York, it is properly referred to as a domestic corporation.

a. a foreign corporation.

b. an alien corporation.

c. a national corporation.

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Answers (1)

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Wagner · Answer 1

A) a foreign corporation.

Explanation:

Interstate commerce is regulated by Congress through the Commerce Clause, and it considers a foreign business any business that is not legally incorporated in a certain state. In this case, Micro Chips will be considered a foreign corporation in 49 states + DC (i. e. everywhere except New Jersey). This is the result of the legal implications of interstate commerce, and really it is done this way to protect foreign businesses from unlawful regulation by the states in which it operates.

Micro Chips, Inc., is incorporated in the state of New Jersey and is doing business in the state of New York. In New York, it is properly referred to as a domestic corporation.a. a foreign corporation.b. an alien corporation.c. a national corporation.

Micro Chips, Inc., is incorporated in the state of New Jersey and is doing business in the state of New York. In New York, it is properly referred to as a domestic corporation.

a. a foreign corporation.

b. an alien corporation.

c. a national corporation.