What is a domestic corporation?

• A. A corporation created under Florida law
• B. A corporation created under foreign law
• C. A corporation created under foreign country law
• D. A nonprofit corporation

Answer: (A)

A domestic corporation is one that is created under Florida law. In Florida, that means the corporation was chartered by Florida statutes and is authorized to operate there. This distinguishes it from a foreign corporation, which is formed under the laws of another state and doing business in Florida, or an alien corporation, which is formed under a foreign country’s law. The nonprofit status is a separate classification tied to its tax-exempt or charter type, not to whether it’s domestic or foreign.