Texas Business Attorney: What Constitutes a Foreign Corporation?
Posted on | November 1, 2011 | No Comments
Texas Business Attorney: A foreign corporation is a corporation organized under the laws of another state than Texas. Foreign corporations have no right to transact business in until an application for registration is filed with the Texas Secretary of State’s office. The application must be verified and executed by an officer of the corporation. Upon review of the application and payment of the registration fee, the Secretary of State will issue an acknowledgement that the foreign corporation has filed an application for registration.
Once the foreign corporation’s registration becomes effective, it has the same rights and privileges as a domestic corporation. If a foreign corporation that is transacting business in Texas fails to register with the Secretary of State, it may not bring suit in Texas courts on any cause of action arising out of the transaction of the business in Texas. Transacting business in Texas means engaging in intrastate transactions on a reoccurring basis.
If you have any questions regarding foreign corporation registration, please call The Wright Firm, LLP and schedule an appointment today at 972-353-4600 or visit our website at www.thewrightlawyers.com.
Tags: Business in Texas > Corporation Registration > Dallas Business Attorney > Dallas Business Lawyer > Denton Business Attorney > Denton Business Lawyer > Foreign Corporation > texas business attorney > Texas Business Law > The Wright Firm
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