22 Aug '16, 5pm

Foreign Qualification Basics If You're Running a Business in Multiple States - Nellie's latest on the @GoDaddy #Blog

Foreign Qualification Basics If You're Running a Business in Multiple States - Nellie's latest on the @GoDaddy #Blog

With so many registration requirements and tax obligation variations from one state to the next, it can become confusing when you’re doing business in multiple states. As if running a small business isn’t challenging enough, right? It’s not as difficult as it may seem to figure out, however, if you take the time to get a grip on some key considerations, including foreign qualification. What is foreign qualification? If your company plans to conduct business in states other than the one your business is incorporated (or registered as an LLC) in, you may need to register your business in those states. It’s a process known as foreign qualification . Some of the benefits of foreign qualifying your corporation or LLC include: Form in a state that is outside of where your business is physically located. Do business in multiple states. Open a bank account in the state you are doi...

Full article: https://www.godaddy.com/garage/smallbusiness/manage/forei...

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