New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
We are a cleaning service LLC licensed and setup in Florida, we just opened another location in Colorado, do we need to register as a foreign entity in Colorado? My bank told me I did not have too but other people have told me I should. What do you advise?
Chris,
When a business has an office or employees, or its owner(s) is conducting the business in person in a state other than the original state of registration, the company would have to be registered in that state.
In the case of a cleaning business, the company would need to be registered with Colorado either by forming a new business entity, or by having your Florida LLC register as a foreign entity in Colorado.
The company would not need to obtain a new EIN when filing as a foreign entity, nor would the company be required to have a separate company bank account.
(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.
