What is a Foreign Registration Statement Idaho?
An application of the Foreign Registration Statement must be filed by an out-of-state entity to open a branch office of home state in Idaho. A branch office is an extension of the existing company in the other state or country.
How to file Foreign Registration Statement?
- Application of Foreign Registration Statement must be filed with the Idaho Secretary of state to conduct business in Idaho.
- A company must be registered with the secretary of state legally in the home state, in order to foreign qualify in the state of Idaho.
- A certificate of good standing or a certificate of existence must be submitted along with the application to confirm that the entity is legally registered in the home state, and it should be issued dated within 90 days from the date of filing with this office. State of Idaho does not accept certificate copies or incorporation or a certificate of status.
- A trade name registration has to be filed if the entity name is not available to incorporate as a foreign entity.
- You can either mail out the application to the secretary of state or fax.
How long does state of Idaho takes to approve Foreign Registration Statement?
Estimated timeline is five to seven working days to process.
Employer Identification Number of an Idaho Foreign Entity
The home state EIN will be used for an Idaho entity.
Yearly filing requirement to maintain a foreign entity Idaho?
- Foreign entity Idaho Annual Report has to be filed in order to transact business in the state of Idaho.
- State taxes have to be filed if applicable.
- You have to maintain an Idaho registered agent. Registered agent can either be a person or a commercial legal entity is registered with the Idaho secretary of state receive service of process on behalf of the corporation if litigation occurs.
- You are responsible to file Idaho dissolution with the Idaho secretary of state in order to cease operation in the state of Idaho.
