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Re: Cassandra post# 127743

Monday, 06/16/2014 3:57:43 PM

Monday, June 16, 2014 3:57:43 PM

Post# of 148335
There is no seperation of the foreign corporation and primary corporation as you called it. It is all one corporation.

One company versus separate companies. When you foreign qualify, only one corporation or LLC exists. For corporations, regardless of the number of states in which it foreign qualifies; it needs only one set of bylaws, stock, shareholders, directors, and officers. Record keeping for initial and annual meetings of directors and shareholders happens only once.