Kaymie Owen
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When you’re expanding an entity into a new jurisdiction, you have to follow the correct process to legally conduct business within new borders. This process is known as foreign qualification, and it can be a huge undertaking—especially if you’re not familiar with the unique requirements of the jurisdiction you’re entering.
Failure to qualify can have a significant impact on a company’s operations. Consequences ranging from monetary penalties and personal liability, to voided contracts and denied access to a state’s courts.
So how can business owners executives and their legal advisors gain a clear understanding of what does, and does not, trigger qualification requirements?
For starters, LexisNexis® and CSC® Publishing are offering a complimentary guide to use as a reference. Click here to download the complimentary 2021 CSC® Guide: Doing Business Outside Your State, where you will find easy-to-use charts, with commentary and citations, summarizing:
The CSC® Guide material was extracted from Qualifying to Do Business in Another State: The CSC® 50-State Guide to Qualification. The complete title is available for sale on the LexisNexis Store. The complete Guide includes case studies, current statutes, relevant case notes and fillable PDF qualification forms for all 50 states and the District of Columbia, available for download upon purchase.