Foreign Nonprofit Corporation Application For License {530B}

Form 530B - FOREIGN NONPROFIT CORPORATION APPLICATION FOR LICENSE. This form is used by nonprofit corporations that are incorporated outside of Ohio but wish to legally conduct business within the state. This application allows a foreign nonprofit to either obtain a permanent license or a temporary license (valid for six months) to operate in Ohio. Pursuant to Ohio Revised Code §1703.13, no foreign corporation shall be granted more than two temporary licenses within any period of three years. A permanent license allows a corporation to transact business in Ohio until the license is cancelled or surrendered. Pursuant to Ohio Revised Code §1703.27, to obtain a license to transact business in Ohio, a foreign nonprofit corporation must file a certificate of good standing or subsistence, setting forth the exact corporate title and the fact that the corporation is in good standing or is a subsisting corporation, certified by the secretary of state, or other proper official, of the state under the laws of which the corporation was incorporated. To complete this form, the corporation must provide details about its corporate purpose in Ohio, and the appointment of a statutory agent who will be responsible for accepting legal documents on behalf of the corporation in Ohio. The form also includes options for expedited processing with associated fees and requires notarized signatures from an authorized officer of the corporation. Corporations filing for the purpose of prosecuting or defending a legal action in Ohio may need to pay an extra $250 fee and provide a certificate from the Ohio Tax Commissioner if they began transacting business in the state before 2009 without a license. www.FormsWorkflow.com