Can I start foreign entity with the same registered name?

It depends on the availability of that name in the state in which you are going to start your business. When registering as a foreign llc or a foreign corporation, u can not use the name that is being used by the pre-existing company in that state. Check availability first. InfoTaxSquare can facilitate to in this connection. Call us at (866) 754-4460

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Source: Business Documents Filing In All 50 States

How to register foreign corporation or foreign llc to transact business in the other state?

A foreign LLC or foreign corporation is generally required to get foreign entity qualified or to obtain certificate of authority in the state by filing an application with the concerned authorities and paying a prescribed fee.

In most states, registration requires disclosure of the LLCs name, state of organization and the name and address of the registered agent in the state for which the application is being made. InfoTaxSquare has made this process easy and simpler

To Read More: How to register foreign corporation or foreign llc to transact business in the other state?

Source: Business Documents Filing In All 50 States

Who should apply for foreign entity or Certificate of authority to conduct business other than home state?

All business entities who want to conduct their business in the state other than the state they were formed, must obtain the certificate of authority from the concerned state department to do so. 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.

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Source: Business Documents Filing In All 50 States

Why should I apply for foreign entity certificates?

f you are going to start business transactions in the state other than the state in which you are currently doing business, then you must file for foreign entity with the hosting state (in which you want to conduct business). This act will help you to enjoy all benefits that a domestic corporation may have in that hosting state.

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Source: Business Documents Filing In All 50 States

Is there any penalty to transact business without getting certificate of authority?

Yes, if any entity who would not get certificate of authority then:

* the entity cannot maintain an action, suit, or proceeding in a court until it registers;

* the attorney general can enjoin the entity from transacting business in the state;

* the entity is subject to a civil penalty equal to all fees and taxes that would have been imposed if the entity had registered when first required; and

* If the entity has transacted business in the state for more than ninety (90) days, the secretary of state may condition the filing of the registration on the payment of a late filing fee equal to the registration fee for each year or part of year of delinquency.

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Source: Business Documents Filing In All 50 States