Hello guys, I have a complicated situation here, hope anyone could help me with an answer. I'm filing an LLC in FL and will open a Citibank business account in IL under the name of my business. Does this make me foreign qualify my business in IL? Because, I read that I have to qualify my business in the state where I maintain a bank account. But, I don't know if this applies on local banks only or international and nationwide banks like Citibank too. Any suggestions? Thank you.
It's always best to consult with an attorney for legal advice.. With that said, in most cases you would only have to file as a foreign entity if you actually have an office or employee(s) in that state. If most of your business is done online, it should not matter.