If you own a small business that’s booming elsewhere in the United States, you might be eager get an advantage to expand your business at a place where a small business expands real fast. The choice could be California. However, to form a corporation in California, you must be well aware of the filing rules lest the welcoming neighborhood imposes swift penalties for failing to comply with the rules of registering your California foreign corporation.
A foreign corporation in California thus requires filing for a corporation that’s registered in any other state or domestic state and is considered to do business in California. It is important to seek assistance and advice from an attorney or appoint a California resident agent to do the filing formalities.
What will you need to receive a California Foreign Corporation?
There are many documents that you have to submit with the state in order to qualify yourself as a foreign corporation in California.
Designation and Statement
As you are ready to register your corporation in California, you will have to draft a document that’s similar to the usual Articles of Incorporation that you used to domesticate your corporation in your home state. This document is called the Designation and Statement by Foreign Corporation. The document is basically in the form format which asks you about information regarding your existing business and the new business to start a California corporation.
The foreign form includes the following information:
The name of your corporation as legally mentioned in the articles of incorporation in the domestic state.
The name of the jurisdiction under which your business was initially formed i.e. your domestic state.
The principle executive address of your company office within the domestic state.
The office address in California (optional).
The physical home address of your California resident agent.
Signature of corporate officer.
Good Standing Certificate
It’s sometimes also called as the Certificate of Fact or Existence, the Certificate is a document that is issued from the domestic state and shows that your corporation is an active corporation in the domestic state and is in “good standing”.
The Filing fee
The registration fee for a foreign corporation in California is $100 where expedited filing options are also available. You can find all filing fees listed in the fee schedule on the Secretary of the State website.
Statement of Information
Not required to be delivered with the registration documents, your statement of information can be submitted within a month of filing. However, many corporations choose to submit the statement with the registration paperwork. The filing process is repeated on an annual basis with the Secretary of the State to keep the information update for your business activities in California.