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Business growth is excellent for the economy, excellent for the
business owner (is anyone against success?), and great for customers
who want options closer to where they are. But moving a business
into other areas can mean increased documentation and preparation on
the part of the business owner.
For those who are looking to take their business to another
state, it may be necessary to file a Foreign Qualification in the state where you are
looking to expand. This gives a business that is incorporated or
organized in one state, the authority to operate in another state. A
company is considered a domestic entity only in the state where it
was formed, and then must obtain Foreign Qualification in other
states where it does business. For example, Jorge decides to start a
web-based company that sells video games. He forms a corporation in
Nevada because of the tax benefits and beneficial corporate laws
even though his operations are based out of California. Since he is
operating his business out of California, but his business is
incorporated in Nevada, Jorge will need to get a Foreign
Qualification for the state of California.
There are also businesses that are looking to expand their
operations to a foreign country. In order to do this, the
corporation will need to obtain an Apostille for the country where they wish to
conduct business. An Apostille allows another country to recognize
your corporation’s charter for international banking and
registration purposes. An Apostille can be used for other documents
as well such as birth certificates, wills, and passports. For
example, let’s say Jorge’s business is doing very well in the US and
he is eager to start selling in the UK. For Jorge to start selling
in the UK and to have his finances set up there, he gets an
Apostille for his corporate charter and other documents so they will
be recognized there.
Growth and expansion into other areas is the goal of most
business owners. In order to make sure you can take your business to
the next place, please contact MyCorporation today about getting a
Foreign Qualification or Apostille for your business. Don’t forget
to ask about our compliance product MyIncGuard that will help to keep you current and
in good standing with the state.
Call MyCorporation today
at 1-888-692-6771 and speak with one of our
customer service representatives about how we can help. |
