what is foreign company

A foreign company is a company that is incorporated or registered under the laws of one state or foreign country and does business in another state or country. In the United States, a foreign corporation is a term used to describe an existing corporation (or other type of corporate entity, such as a limited liability company or LLC) that conducts business in a state or jurisdiction other than where it was originally incorporated. A foreign corporation must file a notice of doing business in any state in which it does substantial business and must obtain a certificate of authority to conduct business in that state. Failure to follow the specific rules set by the state or country regarding foreign corporations could lead to penalties, such as fines or injunctions to prevent the corporation from conducting further business in that state.