Question

Crispin Mattresses is chartered in Florida but does business in all 50 states. Crispin Mattresses doing business in Florida is known as a(n)

Answer 1

Crispin Mattresses doing business in Florida is known as a Domestic corporation.

What is Domestic corporation?

A domestic corporation is a business that operate its business transactions within a country. A domestic corporation would typically conducts its affairs in its home country.

An example is if a company is formed in a particular state, the business is a domestic corporation in that state. However, the state where the business is incorporated is a foreign business in any other state.

Hence, Crispin Mattresses doing business in Florida is known as a Domestic corporation.

Learn more about Domestic corporation here: brainly.com/question/913870