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Updated over 11 years ago,
"Foreign Qualification" doing business out of state
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