Cross-State Corporate Expansion Quiz

No, it must register or qualify to do business in other states. (correct)

Yes, it can do business in any other state without any additional requirements.

No, it can only do business in neighboring states without registration.

Yes, it can do business in any other state for a limited period without registration.

It must obtain a separate tax identification number for the other state.

It must register or qualify to do business in the other state. (correct)

It must pay a one-time fee to the other state.

It must appoint a new board of directors for the other state.

It cannot be sued in that state's courts.

It may face penalties and be unable to bring a lawsuit in that state. (correct)

It is exempt from paying taxes in that state.

It is not subject to any state laws in that state.

<p>Registering to do business in the other state</p> Signup and view all the answers

<p>No, it needs to comply with the other state's regulations</p> Signup and view all the answers

<p>It may face legal penalties and fines</p> Signup and view all the answers