A foreign company is not one from another country but rather a business operating in another state. Foreign qualification, available online at MaxFilings, is the process by which a company becomes qualified to conduct business in another state besides the one it is based in. This is especially common among larger companies.
The first part of this process involves a name availability search that must be conducted in each state the company will be doing business in to ensure the name is not being used by another foreign or domestic corporation/LLC. If there is a duplicate or one too similar, an assumed name must be used in that state.
Next, a registered agent in the other state needs to be selected to serve as the company’s in-state liaison. Then, you must register for a Certificate of Authority in that state. The company must be in good standing in its home state so be sure annual statements are filed and the proper fees and taxes are paid.
Avoid the hassle and let MaxFilings take care of all your foreign qualification and registered agent needs. Each state has different requirements and processing times, which can be expedited for a fee. And with easy online ordering, you can save your work and return later to finish.