Does anyone know how jurisdiction is established for S Corps? Meaning if an S Corp is from one state, but does business in another, where is the jurisdiction? Any links you have on this would be greatly greatly appreciated. Thank you for your help!!!
The jurisdiction for s-Corp is the state is which it has its physical headquarters. A company could incorporate in Delaware but be located in Virginia. The company would have to register in Virginia and operate under the law of Virginia, paying Virginia annual fees and taxes in addition to annual fee for Delaware. Its business relations beyond Virginia should, in any of its agreements or contracts, indicate that Virginia is the state law that will rule the agreement. The jurisdiction will always be the state where it has its primary physical location. This is a good question because some s-Corps do a lot of business outside the state of their jurisdiction.
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