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What are the responsibilities of a foreign corporation?
What are the responsibilities of a foreign corporation?

The state where you choose to foreign qualify in may have additional tasks to take care of each year

Ryan Nash avatar
Written by Ryan Nash
Updated over 4 years ago

Similar to your responsibilities to the state of Delaware, registering in another state as a foreign corporation comes with its attendant responsibilities.

  • Each state charges an initial cost to qualify, followed by an annual filing fee to maintain your registration. Some states also require periodic information forms for a filing fee.

  • Once you are registered you become responsible for the applicable annual franchise tax for that state. (This is a fee for the right to do business, separate from any income tax the company may owe in each state.)

  • You may need to apply for a local business license as well as any special permits and licenses for your field of business (e.g. construction, architecture, accounting, food service, medical, etc.). [Gust Launch does not handle these matters.]

  • Assuming you act as your own registered agent in the foreign state and do not use a third-party registered agent, you will be responsible for accepting and responding to all state correspondence and official notice at the address listed on your application.

  • The address you register becomes a public record and you likely will receive solicitations at that address.

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