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Most states apply to a limited liability company (LLC) formed in another state the law of the state where the LLC currently does business.​

Express powers of a corporation can be found in state corporation statutes, as well as other documents.

​In the absence of express constitutional, statutory, or other provisions, the corporation has no implied powers.

A foreign corporation normally does not need a certificate of authority to sell goods or services via the Internet.

The franchise agreement may specify whether the premises for the business must be leased or purchased outright.

The incorporation of the town of Halfway, Oregon, is approved by the state. Halfway is

A foreign corporation normally does not need a certificate of authority to sell goods or services via the Internet.

Integrated Devices, Inc., is a private, for-profit corporation that is owned by five shareholders who are members of the same family. Integrated is

In a limited partnership, limited partners do not have the same rights as general partners to participate in management.

In a limited liability company, the management may consist of members or nonmembers, but not both.