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Updated over 11 years ago,

User Stats

254
Posts
28
Votes
Mary Joe
  • Investor
  • Brooklyn, NY
28
Votes |
254
Posts

"Foreign Qualification" doing business out of state

Mary Joe
  • Investor
  • Brooklyn, NY
Posted

Hi All,

I got so confused about reading this article about doing business out of state. Does it apply to rental properties that I own out of state?

http://www.bizfilings.com/learn/doing-business-other-states.aspx

I live in NY and if I want to have rental properties in FL, how do I "qualify" to do business in FL? The article says if I do not properly qualify my business I will lose the right to enforce contracts, which could be a huge problem if I am not allowed to enforced my lease with tenants.


Will forming a LLC in Florida (where the rental property will be located) be sufficient?

Any advice would be appreciated.

Thanks

MJ

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