A foreign corporation is a term used in the United States for an existing corporation that is registered to do business in a state or other jurisdiction other than where it was originally incorporated. A foreign corporation is one incorporated as a domestic corporation in one state of the United States, authorized to do business in additional state(s); the term is also applied to a corporation incorporated outside the United States which is authorized to do business in one or more states of the United States.
To a degree, the same rules apply with respect to a Limited Liability Company (LLC), in that it is a domestic LLC in the state where it is originally chartered, and a foreign LLC everywhere else.
For U.S. federal tax purposes, "foreign corporation" means a corporation which is not created or organized in the United States.
Read more about Foreign Corporation: Federally Chartered Corporations, Purpose of Foreign Corporation Registration, Foreign Corporation Registration Vs. Multiple Domestic Corporations, Change of Jurisdiction, International Equivalent
Famous quotes containing the words foreign and/or corporation:
“... in every State there are more women who can read and write than the whole number of illiterate male voters; more white women who can read and write than all Negro voters; more American women who can read and write than all foreign voters.”
—National Woman Suffrage Association. As quoted in History of Woman Suffrage, vol. 4, ch. 13, by Susan B. Anthony and Ida Husted Harper (1902)
“What I am anxious to do is to get the best bill possible with the least amount of friction.... I wish to avoid [splitting our party]. I shall do all in my power to retain the corporation tax as it is now and also force a reduction of the [tariff] schedules. It is only when all other efforts fail that I’ll resort to headlines and force the people into this fight.”
—William Howard Taft (1857–1930)