A corporation created under Florida law is known as what?

• A. Foreign corporation
• B. Domestic corporation
• C. Alien corporation
• D. Nonprofit corporation

Answer: (B)

In corporate terminology, where a corporation is formed determines its designation. A corporation created under Florida law is called domestic because it is organized within the state where it operates.

This is the best fit because the term domestic specifically means formed in the same state. A foreign corporation would be one formed in another state and authorized to do business in Florida, or generally formed outside Florida. An alien corporation refers to a company formed outside the United States. A nonprofit designation relates to the corporation’s purpose or tax status, not where it was created.