Why would a person form an entity in one state and then qualify in another state?
Many people will form an entity in Nevada for the privacy and asset protection benefits and then qualify to do business in their home state, California, for example. The qualification process involves having our Nevada office; for example, provide a certificate of good standing for the Nevada corporation and then file with the California Secretary of State for permission for the Nevada corporation to do business in California. It is not an overly complicated process, but it is an important process to ensure that your entity’s limited liability protection follows you into the states in which you actively conduct business. Sutton Law Center provides the qualification service for $395 per entity, plus applicable state filing fees.
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- Why would a person form an entity in one state and then qualify in another state?
