Foreign BCA: A corporation organized in another state that is requesting the authority to transact business in Illinois by filing the BCA 13.15 form is considered a foreign corporation in the State of Illinois. This does not refer to a company from another country.

Transact Business in Illinois A Foreign Limited Liability Company must complete LLC 45.5, Application for Admission to Transact Business. Forms must be submitted in duplicate and accompanied by a certificate of good standing from the state where the company is organized.

Generally, there are no restrictions on foreign ownership of a company formed in the United States. The procedure for a foreign citizen to form a company in the US is the same as for a US resident. It is not necessary to be a US citizen or to have a green card to own a corporation or LLC.

A foreign corporation must complete BCA 13.15, Application for Authority to Transact Business in Illinois. A Foreign Not-for-Profit Corporation must file an NFP 113.15, Application for Authority to Conduct Affairs in Illinois.

A foreign corporation is a corporation which is incorporated or registered under the laws of one state or foreign country and does business in another.

A foreign corporation is a corporation organized under the laws of a state or coun- try other than Illinois. For a foreign corporation to transact business in Illinois, it must qualify by procuring an Authority to Transact Business in Illinois from the Secretary of State's Department of Business Services.

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CORPORATE NAME: The true corporate name of a foreign corporation must be distinguishable on the records of the Secretary of State from the corporate name. A foreign corporation must complete BCA 13.15, Application for Authority to Transact Business in Illinois.A foreign-owned US DE must file Form 5472 for each year during which the foreign-owned US DE has reportable transactions with any related party. Certain U.S. citizens and U.S. residents who are officers, directors, or shareholders in certain foreign corporations must file form 5471.

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