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Find out whether your corporation is required to file a foreign qualification in the State of Florida, and how to go about doing the filing if it is required.
By J. Gerard Legagneur, Esq.
Another article I’ve published, making corporate law simple for small business owners. 🖋
Follow me on Twitter @JGerardInc!
Failure to file for a foreign qualification restricts you from conducting business in a different state. Make the smart decision to avoid the legal hassle. File your certificate online with FastIncNow in just minutes.
Apparently, if you don’t foreign qualify company in that particular state, then you are doing illegal business in the state.
The consequences of failing to register your company could include:
Facing fines and interest for the time that you were already into doing business without applying for a certificate of foreign qualification online in that state.
Paying back taxes for the time you were not qualified.
No right to sue for anything in the state.
For an S-Corp Election status, the corporation must submit a completed Form 2553 (Election by a Small Business Corporation) which should be signed by all the shareholders. In the form, mention the corporation's name and address, the tax year in which election will take effect, the corporation tax year, the name of the corporation officer and shareholder, and signatures of each shareholder. An S corporation has the calendar year as its tax year, but the first tax year will always be a short tax year. Once the information is completed the form is mailed or faxed to the IRS.
For the businesses, to handle the incorporation process is not a small task, as there are certain state requirements to meet like preparing and filing documents to the Secretary of State. But by opting the business formation services, businesses can set off on the right track, and their incorporation process would then be completed on time and without any hassle. There are many people and companies who are now offering their expertise solutions and services online further expediting the incorporation process, which has made the life of the businesses easy and smooth.
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Psychology and Literature/Prose & Writing Teachers/Tutors Jobs in Lagos, April 2014
Psychology and Literature/Prose & Writing Teachers/Tutors Jobs in Lagos, April 2014
Speakwell Consulting Limited – Our Client, a British Sixth Form College requires smart, passionate, customer-friendly, self- motivated, intelligent and experienced personnel for immediate engagement.
Job Title: Psychology Tutor (SW 17) Job Description
The Psychology Teacher is basically the one who is responsible for the formulation and the maintenance of the school and sight delegacy…
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