BizTerm Definition
Foreign Company
Short Definition
A company foreign to another jurisdiction (i.e. state)
Full Definition

If a company conducts business in a state other than where it was incorporated, it is considered a foreign company. As a foreign company, it must register for a Certificate of Authority to transact business in the other state or possibly lose access to that state?s courts and face fines. For example, if you form a Delaware Corporation but want to operate in Arizona, you must obtain a Certificate of Authority from Arizona before conducting business in that state!

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