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Domestic Corporation |
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Domestic corporation A corporation that is conducting business and is based in the country in which it is established, as opposed to a foreign corporation.
Domestic Corporation A corporation that operates in the country in which it was organized and is based. Like all corporations, it must abide by domestic regulations and business practices. Many corporations operate in multiple countries, and are considered domestic corporations only in the home country. See also: Foreign corporation, International corporation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The new rules also attempt to clarify the meaning of "indirect acquisition" of properties and ownership "by reason of" holding stock in the domestic corporation (or an interest in the domestic partnership). The joint venture operates 10 stores in Mexico as a Mexican domestic corporation under the name Smart & Final del Noroeste, S. The Supreme Court called the discrimination in South Central Bell not merely theoretical; the undisputed record showed the average Alabama domestic corporation paid only 20% of the franchise tax it would pay if treated as a foreign corporation. |
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