Replies to post #73393 on Creative Medical Technology Holdings Inc (CELZ)

[justdafactss]

Foreign corporations authorized to do business in New York State

Foreign corporations authorized to do business in New York State

The Business Corporation Law provides that a foreign corporation may not do business in New York until it is authorized to do so by the New York State Department of State (DOS).

A foreign corporation that is authorized in New York State may do any kind of business a domestic corporation may lawfully do, provided the foreign corporation is authorized to do the business in the state or country where it is incorporated. Once a foreign corporation is authorized by DOS, its name is protected and the corporation may use New York State courts.

A foreign corporation that is subject to tax in New York State must file and pay all state and local taxes even if it is not authorized by DOS.
https://www.tax.ny.gov/bus/ct/foreign_corps.htm