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Form 20-F requires comprehensive disclosure about the company, including information about its business operations and its financial statements. Complete a separate Form 5471 and all applicable schedules for each applicable foreign corporation.When and Where To File. Exception 6 does not apply to foreign-owned U.S. DEs. Consolidated returns. A foreign corporation must file a certificate of registration within 10 days after it starts to transact business in the commonwealth. Keep the formation state as is and foreign qualify in the new state where you'd like to do business. Processing time for hardcopy filings is normally 10-15 business days, with the exception of biennial reporting periods (Apr-June and Oct. A foreign corporation must file a certificate of registration within 10 days after it starts to transact business in the commonwealth. (v) Consolidation or bundling is necessary and justified.