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

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What is a foreign entity?

Asked by: Polin  — 26 June, 2012

What is foreign entity?

Answered by: admin  — 26 June, 2012

Polin,

Let’s say you have a business registered in your home state and want to expand the business to be registered in other states as well. For example, you are opening a new office in a different state. You would file your business as a foreign entity into the new state of business.

To research further details, click here to view our article on Foreign Entity Qualification.

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