Florida Regulations 40D-1.6031: Authority to Transact Business
Current as of: 2024 | Check for updates
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A foreign for-profit or not-for-profit corporation, foreign limited liability company, or foreign partnership must have the authority to transact business in the State of Florida pursuant to Chapters 607, 608, 617 and 620, F.S., prior to obtaining a permit pursuant to Chapters 40D-2, 40D-3, 40D-4, 40D-40, 40D-400 and 62-330, F.A.C.
Rulemaking Authority 373.044, 373.113, 373.118 FS. Law Implemented 373.129, 373.136 FS. History—New 6-29-14.
Rulemaking Authority 373.044, 373.113, 373.118 FS. Law Implemented 373.129, 373.136 FS. History—New 6-29-14.
Terms Used In Florida Regulations 40D-1.6031
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.