What is a foreign association, Pennsylvania?
Foreing filing association is those entities not registered under the Pennsylvania state laws, such as but not limited to corporations, nonprofit corporations, limited liability companies and limited partnerships.
A foreign entity cannot start business in the state of Pennsylvania until it is registered under PA laws.
What are the filing requirements to conduct business in the state of Pennsylvania as a foreign associate?
- The association name must be available to register in the state of Pennsylvania.
- An assumed name can be created as an alternative, if the name you want to register is not available for a foreign association.
- Registered agent name and address must be provided and a registered agent can either be a person or a commercial entity. A PO Box address is not acceptable to serve a registered agent in the state of Pennsylvania to operate a legal business.
- The foreign statement registration form must be executed by an authorized representative of a foreign entity of the home state.
Do you need to obtain a certificate of good standing or a certified copy from the home state?
Neither document is required to file a foreign entity in the state of Pennsylvania to open a branch office.
How long does state of Pennsylvania takes to register a foreign association?
Generally, five to seven working days.
Do you have to renew a foreign association, Pennsylvania every year?
- The foreign association annual report is not applicable in the state of Pennsylvania.
- You have to report income and loss to the Internal Revenue Service and the PA revenue department.
Do you have to obtain a new EIN for your foreign association PA?
No, you will use the existing EIN to report income or loss and opening a bank account in the state of Pennsylvania.
How to file taxes for the foreign association Pennsylvania?
- You will file a consolidated return to the Internal Revenue service for federal, and
- Pennsylvania State returns will be filed separately.
