domestic corporation

Definition

A U.S. corporation doing business in the state in which it is incorporated. opposite of foreign corporation.

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The domestic corporation was an asset to the country, because they made the highest quality tennis rackets available in the world.

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They were a domestic corporation and worked within our country which was a lot different than a foreign corporation, that worked outside of our country.

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ABC incorporated started off as a domestic corporation based in Kentucky and has expanded its services worldwide with subsidiaries in Japan and Australia.

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domestic consumption 1120-RIC Form