Dictionary

domestic corporation

in the US, a corporation doing business in the state in which it is incorporated Treadmill Inc. is one of the oldest domestic corporations in the state of Delaware.

Phrase Bank

  • Shareholders of a domestic corporation shall have certain rights.
  • The tax is imposed exclusively upon domestic corporations.
  • The regime favors domestic corporations over their foreign competitors.

Additional Notes

  • A domestic corporation is the opposite of a foreign corporation.