What is Foreign Entity or Foreign Entity Qualification?

A foreign business entity is an entity formed under a statute or common law in a jurisdiction other than the state in which your corporation was originally formed. The foreign LLC or foreign corporation is registered with the state where you want to do business. It is also known as Out-of-state entity.

For Example: If your company is incorporated in the state of California, but now you want to expand your business in the state of New York, then you would have to file as a foreign entity within the state of New York. In other words - you must apply for authority to conduct business in New York.

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.

http://www.infotaxsquare.com/what-is-foreign-entity.html

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IRS Representation

Infotax Square represent clients with back taxes. We are committed to providing individual clients and business entities with individual care and attention. Our mission is to put you in the best possible financial position. A team of Tax Practitioners are here to understand your tax situation and craft a unique solution to your problem.

• IRS Tax Problems
• Business and Personal Tax Problems
• Income, Corporate and Estate Taxes
• IRS Office of Appeals
• Claim for Refund
• Payment Agreements
• Innocent Spouse Claims
• Employment and Payroll Taxes
• Trust Fund Taxes

Step1: listen to your IRS situation & problem

• Listen and learn about your current situation by gathering critical information from you.
• Determine the type (s) of resolution (s) you need to solve your tax issues.
• Request required documents from you and depending on your situation.

Step 2: Receive Professional Tax Assistance

• Provide you with personally catered client support.
• Walk you through your resolution.

Step 3: IRS representation on your behalf and attain the best resolution for you

• Negotiate with IRS officers to put you in the best financial position possible.
• Resolve your case with the IRS in the most efficient, and fastest manner possible.

What is a Trademark?

A trademark is any word, name, symbol, or device, or any combination, used, or intended to be used, in commerce to identify and distinguish the goods of one manufacturer or seller from goods manufactured or sold by others, and to indicate the source of the goods. In short, a trademark is a brand name.

Trademark rights may be used to prevent others from using a confusingly similar mark, but not to prevent others from making the same goods or from selling the same goods or services under a clearly different mark. Trademarks which are used in interstate or foreign commerce may be registered with the Patent and Trademark Office.

Some people confuse patents, copyrights, and trademarks. Although there may be some similarities among these kinds of intellectual property protection, they are different and serve different purposes.

Reduces Personal Liability: 
Incorporating helps separate an individual's identity from that of his or her business. Insurance may still be necessary, but incorporation contributes an added layer of protection. 

What is the difference between a service mark and a trademark? 
A service mark is used in connection with services, while a trademark is used in connection with tangible goods. The general terms "mark" or "trademark" may be used to describe both trademarks and service marks. 

Do I need to register my trademark? 
No. It is not required that you register your trademark or service mark in order to establish ownership rights. Registration of the trademark creates a legal presumption of the registrant's ownership of the mark and the registrant's exclusive right to use the mark in the state commerce in connection with the goods or services described in the application. 

Do you need to be a corporation to obtain a trademark? 
No. The trademark applicant is the person who owns the mark. Normally, this is the person who produces the goods or who renders the services associated with the mark and who controls the use of the mark. That person can be an individual sole proprietor, a general partnership, a limited partnership, joint venture, corporation, Limited Liability Company, unincorporated nonprofit association or other legal entity. 

What is the duration of registration? 
In Most States Trademark renewals are done every Ten (10) years. 

Can a trademark or service mark be reserved before using it? 
No. A mark must be in use prior to filing with the State. 

What is the difference between a trade name and a trademark? 
A tradename (also know as an assumed name or "doing business as") is the name an owner uses to identify his or her business. A trademark is used to identify the goods and products that an individual or business offers to the public. 

Incorporate or Form an LLC 

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Amendment In Company

Q : In 2010 a friend and I started a LLC. I had no experience, but he did,so he filed the articles of organization. In 2012 we had a accident and are insurance co.would not cover the claim saying it was a act of god. But are customer wanted us to pay for the damages it was a large amount so my friend panicked. He wanted to close it down. I had a different idea and wanted to keep it going. So I bought him out. But when I went to change agent and address on the LLC I found out that he already dissolved it with out my consent I could start it back up with the same name, but this is a trucking co. And there are a lot of expensive fees. I tried to fill out a certificate of correction (BCS518) but was not able to because I wasn't on the articles of organization that he filled out back in 2010. I need my ex partner to sign the certificate of correction. The LLC is in the state of Michigan. What if he does not want to sign, what can I do.

A : To dissolve corporation or any amendment in company, you need to have consent of all members or stockholders.

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Business Tax, Accounting and Book-Keeping

Infotax Square offers a quality services to our business clients. Providing financial information to our clients in a timely and accurate manner. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. We will maintain your books of accounts, ledgers, bank reconciliation, deposit analysis, receivables management on daily, weekly, bi-weekly or monthly basis as per your wish.

Most basic accounting services is bookkeeping, which involves keeping a record of all financial transactions and handling the books take care of accounts receivable + accounts payable = financial statements (such as balance sheets, income statements, and cash flow statements) and take care of bank reconciliation.

Our staff of trained accountants will help you set up your accounting system, insuring that it runs properly. Our continued relationship insures your records are kept accurately so that you can make accurate business decisions. Infotax Square will provide you the following services:

• Reconcile your bank accounts
• Reconcile your credit card statements
• Reconcile revenues
• Reconcile expenses
• Compile General Ledger
• Compile Trial Balance
• Compile Journals
• Balance Sheet
• Income Statement
• Statements of Cash Flow
• Profit and Loss Statement

Business TaxAccounting and Book-Keeping

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Create a Partnership in New Jersey

Q : Hi, I lived in India, I want to business in U.S.A And, one of my friend is in usa in NJ. Now, me and my friend who is lives in NJ wants to make a company in NJ as a partnership deed... can i get permission from us government..??? our company based on foreign exchange trading company which has only income based on brokerage it means,, we want to broker company in NJ. Please guide me.. Thanks & Regards.

A : Yes, you can Create a Partnership in New Jersey. To register partnership you both partners have to notarized the application from the county. So, you can either Create an LLC or a New Jersey Corporation to avoid notarization from the county.

Incorporate or Form an LLC 

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LP Limited Partnership.

Q : I am a Canadian citizen looking to incorporate in the US. I have acquired a number of residential properties in the west and southwest and I am looking at a one manager/owner-type of business. What would be the best type of incorporation to obtain and does it matter what state I would file my papers in?

A : 1. LP (Limited Partnership) is recommended for the Canadian Citizens to buy properties in USA.

2. You are required to Establish LP in the state where you are buying properties otherwise you have to foreign qualify your LP in the state you are buying properties.

For instance:

You you register LP in the state of State of Delaware and buy properties in the state of Florida. You can form your Limited Partnership in the state of Delaware but since you bought properties in Florida, you are required to foreign qualify your Delaware Entity in the State of Florida.

You can check the prices by using the following link.

https://www.infotaxsquare.com/forms/order-init.php

You can also use the following link to read about more structures to register company in United State.

http://www.infotaxsquare.com/e-book/

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Sales Tax and Retail and Retail Cigarette License.

Q : I would like to sale cigars puros online not cigarrest like marlboro etc,I'm here in Fl and I would like to know what licenses I need .I will like to have my own internet store and that is the product that I can resale.Thankyou very much.

A :  If you are selling anything with the tobacco then you are required to have Sales Tax and Retail and Retail Cigarette License.

To apply for you can either call us at 516.822.3100 to place your order over the phone or use the following links.

http://bit.ly/bHkRdM

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Create an LLC

Q : Hi, I lived in India, I want to business in U.S.A And, one of my friend is in usa in NJ. Now, me and my friend who is lives in NJ wants to make a company in NJ as a partnership deed... can i get permission from us government..??? our company based on foreign exchange trading company which has only income based on brokerage it means,, we want to broker company in NJ. Please guide me.. Thanks & Regards.

A : Yes, you can create a partnership in New Jersey. To register partnership you both partners have to notarized the application from the county. So, you can either create an LLC or a New Jersey Corporation to avoid notarization from the county.

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Federal Unemployment Taxes

Q : Why pay FUTA and state unemployment when you are the owner?

A : It is only required If you are pulling out payroll from business. If you have structured your business as a  corporation and have profit then both taxes are required to pay along with your p.roll taxes but If you have structured your business as an LLC (Limited Liability company) then you are not required to pay Federal Unemployment Taxes (FUTA) an (U.I) Unemployment taxes.

Incorporate or Form an LLC 

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Annual Report Filing

Annual Report is also known as Statement of Information and Biennial Statement. All profit and non-profit corporations (domestic and foreign), as well as all limited partnerships, limited liability companies, and limited liability partnerships must submit annual reports and associated processing fees each year following their dates of incorporation/registration with their respective secretary of states. Annual report filing is a prerequisite for maintaining an active business status.

Every entity must submit an Annual Report once a year. Failure to submit a properly- completed form on or before the due date subjects the entity to being administratively dissolved or having its authority to transact business revoked. In many states dedicated Commission will send only one postcard notice reminding the corporation of the due date. Monetary penalties will be assessed for late-filed Annual Reports, pursuant to Article/Business Act of that particular state in which corporation is being operated. Penalties begin accruing the day after the due date.

corporationannual reports

llcannual report 

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Form LLC

Q : I'm starting my own moving company i need to know what i need with llc or permits.

A : Can we have the state where you want to form your LLC please? and would be appreciated if you give us little more detail to advice your properly.

Incorporate or Form an LLC 

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Sales Tax and Retail

Q : I would like to sale cigars puros online not cigarrest like marlboro etc,I'm here in Fl and I would like to know what licenses I need .I will like to have my own internet store and that is the product that I can resale.Thankyou very much.

A : Thanks for considering InfoTaxSquare.com for your business needs. If you are selling anything with the tobacco then you are required to have Sales Tax and Retail and Retail Cigarette License.

Incorporate or Form an LLC 

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