Our firm has clients who own entities formed in Arizona that conduct commercial transactions in other states. Do these clients need to take formal action with respect to their entities doing business in those states?
Also, we have clients in states outside Arizona who own entities formed there, but conduct commercial transactions in Arizona. Do these clients need to take
formal action with respect to their entities doing business in Arizona?
The answer in both cases is “maybe” because it depends on the nature of the business activities in each state and how each state treats such business
For more details, see my article regarding qualifying foreign entities in Arizona in our firm’s December 2010 newsletter, The Conference Room.