The act of registering a business entity in a state other than the one in which it was first established is referred to as foreign business registration. For example, if your LLC was established in California and you wish to conduct business in Texas, you must register your company in Texas as a foreign corporation.
The Secretary of State’s office in the state where you want to conduct business is normally in charge of the registration procedure. You must include the required details about your company, including the name, address, and name of the registered agent.
There is a $750 filing cost for registering a foreign LLC in Texas. This charge must be paid at the time of filing and is not refundable. You will also be required to pay an annual franchise tax depending on the taxable margin of your LLC in Texas in addition to the filing fee.
If foreign-owned LLCs do not have any domestically sourced income, they may not be subject to US taxation. However, the LLC might be required to pay both federal and state taxes if it receives income from sources within the United States. How Can I Obtain an EIN for a Foreign Company? You must fill out Form SS-4 and submit it to the Internal Revenue Service (IRS) in order to receive an Employer Identification Number (EIN) for your international business. The form can be submitted online, via mail, or by fax. You must also present the required paperwork, such as a duplicate of the paperwork used to incorporate your LLC and a copy of the operating agreement for your overseas LLC.
You must include any income from your overseas company that was earned in the US on your tax return. If you possess a particular proportion of the shares of the foreign firm or have control over how it conducts business, you might need to submit Form 5471. If you are a single-member LLC or a disregarded entity, you might additionally need to file Form 8858.
Finally, registering a foreign LLC in Texas necessitates paying a $750 registration fee as well as an annual franchise tax based on the taxable margin of your LLC in Texas. If you have a foreign LLC and no revenue from the United States, you might not be required to pay taxes in the US. You must fill out Form SS-4 and send it to the IRS in order to get an EIN for your overseas firm. Last but not least, you must include any income your overseas company receives from the US on your tax return.