A lot of entrepreneurs wonder what state should be used to incorporate a new business. Is it their own state or maybe another state like Delaware or Nevada? There is no easy answer to that question, however, there are definite benefits for some businesses to incorporate in states other than where they conduct business.
Some existing businesses may also consider registering out of state due to compliance considerations that arise from multistate business activities or employees.
These two different situations result in what is called foreign qualification. Foreign qualification is simply the process of […]