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An LLC is a domestic company in one state ? its state of organization. It is considered a foreign company in every other jurisdiction. If an LLC wants to transact business in a state other than its state of organization, it will have to register as a foreign LLC with that other state's business entity filing office.
1. Can a foreign person or foreign corporation own a U.S. LLC? Yes. Generally, there are no restrictions on foreign ownership of any company formed in the United States, except for S-Corporations.
Key Takeaways. A domestic corporation conducts its affairs in its home country or state. Businesses that are located in a country different from the one where they originated are referred to as foreign corporations. Corporations also may be deemed foreign outside of the state where they were incorporated.
Requirements for Forming a Corporation or LLC as a Non-Resident Apply for a visa with the U.S. government. If you intend on working in the business that you are planning to form in the U.S., you'll need a visa. ... Get an ITIN. ... Choose a Registered Agent. ... Check for unique state requirements.
After you register a foreign LLC, you are required to file a Florida LLC Annual Report every year to maintain your ?active? status. Foreign LLC's must file an annual report electronically between January 1 and May 1 each year. The annual report fee for LLCs is $138.75. After May 1, there is a $400 late fee.