Question

Hal organized his business in Canada. Most of his customers are in Montana. In Montana, Hal's business would be considered a(n) __________ corporation.

Answer 1

Answer:

Alien

Explanation:

An alien organization is one which was legally created in another country but it is doing its business in USA. This term is only used in USA. In other countries it is referred as foreign corporation.

There is legal requirement for alien organization to work in USA.

1. organization is required to register with US government or state government in which it will be operating is business.
2. If is trading on US stock exchange it must fill form 20 with SEC
3. It must also furnish tax and income related information to IRS