What permits or licenses do I need to open a branch in another state?

min read
Opinions expressed by Entrepreneur contributors are their own.
If you plan to set up operations in another state, you will need to either form a totally new business entity in that state or "qualify" as a foreign (that is, out-of-state) entity to do business there. You should discuss with your accountant and attorney which approach makes the most sense for your business because they involve different costs and tax ramifications. It may also depend on whether the owners of the Hawaii company will be identical to the owners of the California company.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur