foreign corporation
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Foreign corporation
A corporation conducting business in another country from the one it is chartered in and that abides by the laws of another country. See: Alien corporation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Foreign Corporation
A corporation that operates in one country but was organized and is based in a different country. Foreign corporations must abide by domestic regulations and business practices, but may (or may not, depending on the specific organization) submit their profits to shareholders in the home country. Many corporations operate in multiple countries, and are considered foreign corporations in each country except the home country. See also: Domestic corporation, International corporation.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
foreign corporation
A firm that conducts business in states or countries other than the state or country in which it is incorporated. For example, a firm incorporated in Canada but conducting business throughout North America is considered a foreign corporation in the United States. Compare domestic corporation.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
foreign corporation
Any corporation organized under the laws of another state or country. Foreign corporations may sue and be sued in the courts of a state only if they are registered and licensed in that state.Normally,if a foreign corporation does business in a state without registration, it may not use the courts of the state to sue the defaulting party.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
Foreign Corporation
A corporation not organized under the laws of one of the states or territories of the United States.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary