Foreign Qualification
/ˈfɒrɪn ˌkwɒlɪfɪˈkeɪʃən/
Definitions
- (n.) The process by which a business entity registered in one jurisdiction registers to legally transact business in another jurisdiction.
The corporation filed for foreign qualification to conduct business in the state of New York.
Forms
- foreign qualification
- foreign qualifications
Related terms
See also
Commentary
Foreign qualification is crucial for compliance when a business operates outside its home state, ensuring proper taxation and legal accountability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.