New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
My NC LLC has been tapped for a single transaction with a not-for-profit entity registered in DC.
Are we required to register and obtain a business license for this? What if this single transaction leads to a further contract?
Dear Visitor,
A single transaction should not require you to register in DC, however if your relationship becomes more or less continuous, and it falls under DC definition of “doing business in the district” then you will need to register your NC LLC as a foreign entity in DC.
Since each jurisdiction has it’s own rules and definitions of what constitutes “doing business in” it is hard to say at what point you will need to register, but such steps as renting an office or hiring a full time employee in DC would certainly mean your company is “doing business in DC”.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
