How to File a Statement of Information for a Foreign Corporation

Contributor

By eHow Contributing Writer

Article Rating:

(0 Ratings)

When you incorporate a business within one state and it does business within another state, the laws refer to it as a Foreign Corporation. Each state requires different reporting of essential information from the corporations that do business within the state. These reports allow the public to obtain data about the companies they do business with. You can easily fill out the required reports for a foreign corporation.

Difficulty: Moderately Easy

Instructions

Step 1

List every state your corporation does business in.
Step 2

Contact the Secretary of State's office for each state and obtain the necessary form.
Step 3

Determine whether you need to file the Statement of Information for a Foreign Corporation on an annual basis, or semi-annually, and the exact due date.
Step 4

Fill out the Statement of Information. Enclose the required fee, usually made payable to the Secretary of State. Mail.

Tips & Warnings

Remember that the laws differ in every state for filing a Statement of Information for a Foreign Corporation. Don't assume the states will use similar forms, although they might.
Publicly traded corporations might need to provide information such as: the name of the auditor, the date of the last audit, compensation paid to the Board of Directors, special loans made to a member of the Board of Directors, bankruptcy information of any key members, whether a key member was convicted of fraud, and/or a statement whether there were any violations of federal securities laws.
Don't fail to file the Statement of Information just because you didn't do a lot of business in a state. Even doing a little business requires a Statement of Information.

Resources