New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.

Answers

Can a corporation own property out of state?

Asked by: Mitch  — 21 April, 2011

Can a Wyoming corp own real estate in another state?

Answered by: admin  — 21 April, 2011

Dear Mitch,

A Wyoming corporation, or any other form of business in any state for that matter, can absolutely own real estate in any of the 50 states or abroad. The only caveat to that, is that you may have to qualify your company as a foreign entity with that state. Usually the foreign entity qualification is rather simple and involves paying a comparatively small fee, but it depends on a state. For example, if you register in California, you will immediately become subject to California’s outrageous $800 per year minimum franchise tax, charged to all businesses in the state.

Ask Incorporation Question
Please enter your full name
Please enter your email address
Please select your phone number
Please select
Please enter text message
Begin Web-Stat code v 6.0