Virginia Foreign Corporation Registration To Avoid Legal Penalties Did you form a corporation in a state other than Virginia? Depending...
November 23, 2021Did you form a corporation in a state other than Virginia? Depending on the activities of your corporation, you may be required to file for a Virginia Foreign Corporation registration, also known as a ‘certificate of authority or ‘foreign qualification’ to transact business within the state. If you don’t, you cannot file lawsuits in Virginia, and the state might impose fines for doing business without registering your corporation.
So how do you know if your corporation needs to apply for a Virginia Foreign Corporation Registration? Let’s take a look at some of the most common scenarios:
If you formed your corporation in another state, your corporation is domestic to that state, and a Foreign Corporation in every other state—including Virginia. An unregistered corporation doing business in a state other than the original state of formation may be subject to fines, penalties, and lack of legal recourse. Virginia might even prevent you from continuing to do business in the state. Registering your Foreign Corporation in Virginia is similar to forming a new corporation, subject to separate state filings, fees, and taxes.
There are a few good reasons why it is important to the state of Virginia for you to register your Foreign Corporation:
A Virginia Foreign Corporation registration includes the following steps:
Please note that Virginia might require you to obtain business licenses even if you possess them in your corporation’s domestic state. Your Foreign Corporation must also be in good standing with your domestic State in order to apply for a Certificate of Authority and register your Foreign Corporation in Virginia. If you have any questions about the process, call (800) 603-3900 to speak with us immediately or fill out the assistance form on this page and our attorneys will get back to you within 4 business hours.
The maintenance of a Virginia Foreign Corporation registration is similar to a domestic corporation formation. It includes the maintenance of annual or biennial filings, reports, taxes, business licenses, registered agents, and good standing—in both your domestic and foreign states.
States require companies to register as a Foreign Corporation to ensure they meet tax and regulatory requirements. If you are unsure whether your corporation’s activities in Virginia call the need for a Foreign Corporation registration, call our main office at (800) 603-3900 to speak to someone who can help you immediately. Foreign Corporation registration and obtaining the Certificate of Authority is a legal and business formation process; avoid the potential pitfalls of doing it with a non-lawyer formation service or agency.
Spiegel & Utrera, P.A. equips you with a combined 175+ years of legal and business formation experience, knowledge, and affordable, honest service. Our attorneys know what they’re doing and will go above and beyond to make sure that your business is protected and brandishing every potential advantage possible.
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