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:
“Our poets have sung of wine, the product of a foreign plant which commonly they never saw, as if our own plants had no juice in them more than the singers.”
—Henry David Thoreau (1817–1862)
“It is truly enough said that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience.”
—Henry David Thoreau (1817–1862)