Legal Question in Business Law in New York
Foreign qualification
I am forming a Delaware LLC (consulting business) and I am located in NY. My main (if not all) business will come from a CT client. 1) Do consulting businesses have to foreign qualify? 2) Must (or should) I qualify for both NY and CT? Thank you.
1 Answer from Attorneys
Re: Foreign qualification
Many people are under the false impression that forming a DE entity has certain advantages. For most people, that is not true at all. In fact, forming your LLC in a state other than your home state will end up costing you much more. For example, if you are located in NY, but form in DE, you will also have to qualify as a foreign LLC in NY, which will be VERY expensive, given the filing & legal publishing fees. Plus, you may have to qualify in CT depending on that state's rules. Feel free to email me if you have other questions.
Related Questions & Answers
-
Selling homemade food (including pet food.) Is it legal in new york city to... Asked 8/31/08, 8:04 pm in United States New York Business Law
-
Website development I paid someone to develop a website for me. It NEVER fully... Asked 8/28/08, 2:45 pm in United States New York Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
