What is a Foreign Entity?
7.28 A foreign entity is an entity which is not an Australian entity as defined in section 336 of Part X. [Schedule 2, item 37, definition of ‘foreign entity’ in subsection 995-1(1)] 7.29 The categories of foreign controlled Australian entities are: • foreign controlled Australian companies; • foreign controlled Australian trusts; and • foreign controlled Australian partnerships.
A foreign business entity is an entity formed under a statute or common law in a jurisdiction other than the state in which your corporation was formed. If your company incorporated in the state of New Jersey, but you want to conduct business in the state of New York, then you would have to file as a foreign entity within the state of New York. In other words you must apply for authority to conduct business in New York.
Related Questions
- If a domestic entity is terminated, cancelled, or dissolved or a foreign entity’s certificate of authority or registration is revoked, is there a deadline for reinstatement?
- If a foreign entity intends to or is already transacting business in Texas, what are the penalties for not registering with the Secretary of State?
- Why are statutory agents required to accept appointment for domestic entities, but not for a foreign entity?
