domestic corporation

domestic corporation definition - business

domestic corporation

A firm incorporated under the laws of the country or state in which it does business. For example, a firm incorporated in the United States is considered a domestic corporation in the United States, but a foreign corporation elsewhere. Compare foreign corporation.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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