Tuesday, May 4, 2010

Who should apply for foreign entity?

All business entities who want to conduct their business in the state other than the state they were formed, must obtain authority to do so from the concerned state department. This process is commonly referred to as "foreign entity qualification" or "register foreign llc" or "register foreign corporation". By doing so, you will get rights to start your business in that particular state.

Typically, an entity needs not to register in another state if it will be conducting only a few isolated transactions in the state.

Source: http://www.infotaxsquare.com

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