I am confused about why you would want to incorporate in all 50 states. Unless you`re in a business that requires it (and I can`t think of any that do), there`s no reason to. It`s an enormous waste of money.
Your IA corporation is valid in all 50 states. Whether you need to register as a foreign corporation in other states really depends on what exactly your business is. However, if you`re (for example) planning on having physical offices in each state, you`d need to register as a foreign corporation in all of the states where you have a physical presence.
If you were to have separate corporations, then, yes, you`d have to keep separate books and bank accounts for each one. Each state is different with state taxes. I`d recommend that you get an attorney to help you out with deciding what course of action is right for you.
Let me know if you have other questions.
Deena
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Any opinions are offered without knowledge of the specific law of your jurisdiction and with only the limited information provided in your post. No advice given here should be reasonably relied upon by you or any third party without consulting an attorney who is aware of all of the facts and law surrounding your situation. Any advice given here is not intended to create an attorney-client relationship in any way.
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Deena B. Burgess, Esq.
www.ebusinesslawgroup.com
Offering Affordable Legal Solutions to Online Businesses
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