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Qualifying to Conduct Business in Other States
If your company expects to transact business
outside your state of formation, your company may
be required to qualify as a "foreign corporation"
or "foreign LLC". Business Pro Net can file the necessary
paperwork to qualify your business as a foreign corporation
or LLC in any of the 50 states.
A corporation or LLC is considered to be domestic only
in the state where it was formed. In all other states,
your company is regarded as a foreign corporation
or LLC. To qualify your company to transact business
in another state, you must register for a Certificate
of Authority to transact business in that state. The
consequences of not qualifying in a foreign state
in which your company transacts business may include
loss of access to that state's courts and potential
fines.
Additionally, corporations and LLCs are subject to taxes and annual
report fees in both the state of formation (also called
their domestic state) and any states where the corporation
or LLC is qualified as a foreign corporation or LLC.
Additionally, most states require corporations and
LLCs to have a registered agent within each state
where the company is qualified. This agent must be
available to receive important communications from
the state and others on behalf of the company. Business
Pro Net provides registered agent
services in all 50 states and Washington D.C.
If you have specific questions regarding your business,
and whether your company may need to foreign qualify
in another state, please contact an attorney or accountant.
Foreign Qualification Service
Business Pro Net foreign qualification service includes:
- Preliminary name availability check in the state of qualification
- Preparation and filing of the certificate of authority in the state of qualification
- Obtaining a certificate of good standing or certified copy
for your business from the state of formation, which must accompany your certificate of authority
- Payment of initial state filing fees
The typical completion time for the foreign qualification
process is 6 to 8 weeks. To view Business Pro Net
foreign qualification service pricing, click here.
Expedited Foreign Qualification Service
If time is of the essence, Business Pro Net also offers an expedited foreign qualification service.
The states charge additional fees to expedite filings. Therefore, the fee for this service is an additional
$200 per state.
Business Pro Net expedited foreign qualification service includes:
- Preliminary name availability check in the state of qualification
- Preparation and expedited filing of the certificate of authority in the state of qualification
- Expedited retrieval of a certificate of good standing
or certified copy for your business from the state of formation, which must accompany your certificate
of authority
- Overnight shipment of necessary documents to and from you
for your signature, and overnight shipment of final, state approved documents ("final package")
- Payment of initial state filing fees and expedited state filing fees
Typical completion time for the expedited foreign qualification process is 2 to 4 weeks.
To place an order online for this service,click
here. For questions regarding Business Pro Net foreign qualification service, please contact
us at 888-462-9995 (Toll Free Number) or 727-507-7107 (Direct Line). You may also email your questions to
info@businesspronet.com
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