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A foreign corporation is a business that
was incorporated in one State or overseas and conducts
business in another.
For example, BBZ Co. is incorporated in
Arizona, but also conducts business in California. In
Arizona it is considered a Domestic corporation. In
California it is considered a Foreign entity.
If a business is incorporated in one
state or overseas and wishes to do business in another
State then it must register with the respective State as
a foreign entity.
Many
States require that foreign entities utilize a Register
Agent in order register their business. The Register
Agent must be authorized by the State and reside in the
respective State.
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