Domestic Corporation

A company that conducts its affairs in its home country. A domestic corporation is often taxed differently than a foreign corporation, and may be required to pay duties or fees on the importation of its products. Typically, a domestic corporation is able to conduct business in other states or other parts of the country where it has filed its articles of incorporation.

Business that are incorporated in a different country from which they originate are referred to as foreign corporations.

Many companies in the United States are incorporated in Delaware, meaning that they are subject to the laws of that state. If a company incorporates in Delaware but does not do business there, it is considered an out-of-state corporation or a foreign corporation.


Investment dictionary. . 2012.

Look at other dictionaries:

  • 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 — A term contrasting with foreign corporation, meaning a corporation of the state, that is, a corporation organized and created under the laws of the state. Sometimes, more elaborately defined by statute as a corporation created by or under the… …   Ballentine's law dictionary

  • 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. Bloomberg Financial Dictionary …   Financial and business terms

  • domestic corporation — A corporation (company) established in the USA under federal or state law …   Accounting dictionary

  • corporation — cor·po·ra·tion /ˌkȯr pə rā shən/ n [Late Latin corporatio, from Latin corporare to form into a body, from corpor corpus body]: an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals… …   Law dictionary

  • 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 — do·mes·tic /də mes tik/ adj 1: of or relating to the household or family a domestic servant domestic relations see also family court 2: of, relating to, or originating within …   Law dictionary

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

  • domestic — I n. A household servant II adj Pertaining, belonging, or relating to a home, a domicile, or to the place of birth, origin, creation, or transaction. As to domestic administrators domestic attachment domestic commerce dom …   Black's law dictionary

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