Legal Question in Civil Rights Law in Florida
Subject:
Conveyance to transfer ownership from a family owned foreign corporation to a domestic non-profit corporation owned and managed by the same family who owned the foreign corportation?
2 Answers from Attorneys
Discuss? If you mean foreign corporation in the sense that it is a corporation registered under the laws of another state in the US (not another country), to do business in Florida, the foreign corporation must register with the FL Secretary of State. The foreign corporation can apply for non-profit status (called 501(c)(3) status) with the federal government. A foreign non-profit can operate in FL as a non-profit as well.
I would need more information to know whether it would be better to "transfer ownership" (through stock transfer) or just start a new corporation in FL.
You should see an attorney in FL who can evaluate your particular needs and recommend a course of action.
Register the new corporation with the state of Florida (sunbiz.org) or consult with a business attorney. Regards,
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