How to file a foreign entity or foreign corporation?

In order to establish a business in another jurisdiction or state, registering your business as a foreign entity or foreign corporation is mandatory. The process of establishment of business in another state also known as “foreign filing” or Out-of-State Entity which can be applied via Secretary of State’s website.

As an example, if your business is incorporated in New York and you want to extend your business to some business friendly place like Delaware. To do business legally in Delaware you need to qualify for a foreign corporation or foreign entity. Generally, all states have a similar filling process to register or to qualify as a foreign corporation. But there are exceptions where few states might ask for more details. Kindly refer specific Secretary of State guidelines. For example, many states demand “Certificate of Good Standing” or “Certificate of Authorization” or “Certificate of existence” depends upon state to state. Such certificates are required to be filed along with “Foreign Corporation Certificate” or “Statement or Designation by Foreign Corporation”. Such certificates act as an evidence regarding the foreign corporation existence and give the authorization to conduct business legally in that particular state/country.

Who are eligible for a foreign corporation?

All the business transactions that occur in a particular state do not require foreign entity or foreign corporation. Some businesses do not need physical existence such as a business incorporated in New York that solicits business online like online shopping and delivers products to millions of California customers. Such business transactions most likely will not need to register for foreign entity or corporation in California.

Along with the passage of time legal issues are becoming complex and intricate. So in order to avoid any penalty levied by the state, kindly consult your solicitor whether the particular state (where the transaction will be conducted) authorizes​ for such business transactions or not. As state to state business transaction interpretations are different.

On the other hand, if you are planning to develop vast business projects in another state/country and have plans to invest in real estate in another foreign land. In such scenarios obtaining legal authority from the concerned state department is essential. This process of attaining permission for the legal business transaction is commonly known as “Foreign Entity Qualification” or “Registration of Foreign Corporation” in that particular state. Obtaining Foreign Entity status enables you to enjoy all domestic benefits of the state.

What are the penalties which one has to incur for non-registration?

Conducting a business without Foreign Corporation Certificate of a full-fledged business can attract various penalties by the state government. Such business transactions are categorized as illegal business transactions. Few highlights of penalty on the entity are as below:

• Ineptitude to conduct any proceedings, legal suit, and any action till the completion of registration of the business entity.
• A legal constraint from the court of law for any business transaction.
• A civil penalty will be imposed which will be inclusive of all the taxes and fees which one must have incurred at the time of registration.
• If the registration has exceeded 90day’s time frame after the first business transaction it will be levied with a penalty by the Secretary of State.

What is the registration process for the foreign entity?

Registration as a foreign entity can be accomplished by filling a form with the Secretary of State of the targeted state/ country. There will be a filing fee for qualifying as a foreign entity. The form filing will require few important information’s such as the name of the corporation, address for both principal offices in the state of incorporation and in the foreign state, and registered agents (an individual or corporation) name and address who resides in the state for which application has been filled. The agent will act as an intermediary for communicating between state and entity. State regulations may differ for some states who may also require you to submit Certificate of Authorization or Good Standing.

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How does your service benefit our filing process?

We provide quick and easy foreign entity filing service. Our years of experience helps us to avoid any abysmal service to any client. A few important features are as follows:

• We provide you free name availability option for your entity.
• Help to assemble foreign qualification certificates and documents for the free-flow process.
• We help to file and submit documents required to create a foreign entity with the state agencies.
• We assist in obtainingCertificate of Authorization or Good Standing certificate from your home state/country.
• We also provide Registered agent service if requested.
• We help you till you reach your culmination by performing an additional tasks such as extra filings, newspaper publication, the filing of reports and information.

Are you ready to avail our services?

We promise you to avoid any frivolous process while filing for a foreign entity. We provide a professional service wherein you can rely on us for accurate filing of your requisite documents with compliance.

Our dedicated and diligent team are always ready to perform extra filing work and will complete your foreign entity filing process in an effective and professional manner. All you need to do is complete our order form to confirm your request. Our customer support team is always ready to assist you on phone as well via online chat.