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Type of business need to foreign qualify in each state

Asked by: Jennifer T - 28 December, 2011 We are an insurance brokerage with a physical office in Colorado only. Do we need to foreign register in each state?
Answered by: Ray Albert - 31 December, 2011 Jennifer,

Typically speaking, if you are conducting much of your business over the internet and phones, you should be able to serve your clients in other states from your office in Colorado without having to register as a foreign entity into each state.

If your situation is where you meet clients in person outside of your state on a constant basis, or are looking to have offices, employees and/or properties in other states, then yes, you would have to register your Colorado based business into each respective state you would be physically branching into.

I hope you found this answer to be helpful.


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